Question: Do not do any interim rounding. Choose the best answer. Dividendsof $2.95 per share were paid by Overton & Co. over the last twelve months.

Do not do any interim rounding. Choose the best answer.

Dividendsof $2.95 per share were paid by Overton & Co. over the last twelve months. Today the stock price is $63.40, and the company'sdiscount rate is 12.76%. Assuming the constant growth model applies. the dividend growth rate percentage is:

A.4.65%.

B.7.75%.

C.12.19%.

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