A one-year forward contract on a stock has a price of $75. The stock is expected to pay a dividend of $1.50 at two future times, six months from now and one year from now, and the annual effective risk-free interest rate is 6%. Calculate the current stock price.

(A) 70.75

(B) 73.63

(C) 75.81

(D) 77.87

(E) 78.04