S&P Inc Common Stock Sells for $39

Multiple Choice

S&P Inc. common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual dividend of $1.20. What is the rate of growth of its dividend?

A) 5.2%
B) 5.5%
C) 5.9%
D) 6.0%
E) 6.3%