Pearson does not pay a dividend, but is expected to begin doing so in 3 years from now starting at 50 cents per share and the dividends are expected to grow at 15% per year for 5 years thereafter. After this 5 year period of super-normal growth, dividends growth is expected to slow down to 7% per year thereafter and remain so until forever. Find the expected dividend for Pearsons stock a decade (10 years) from now.

$1.08

$1.01

$1.75

$1.15