Question: Do not do any interim rounding. Choose the best answer. Dividends of $3.45 per share were paid by Overton & Co. over the last twelve

Do not do any interim rounding. Choose the best answer. Dividends of $3.45 per share were paid by Overton & Co. over the last twelve months. Today the stock price is $47.80, and the company's discount rate is 11.63%. Assuming the constant growth model applies. the dividend growth rate percentage is:

A. 10.85%. B. 4.12%. C. 7.22%.

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