QUESTION $4$

What is the expected annual return for a stock that is priced at $$64\mathrm{.}78,$ is expected to pay a dividend of $$2\mathrm{.}00$ every quarter forever, and is expected to pay its next dividend in $3$ months?

$12\mathrm{.}35\%($plus or minus $2$ bps$)$

$3\mathrm{.}09\%($plus or minus $2bps)$

$12\mathrm{.}93\%($plus or minus $2$ bps$)$

$6\mathrm{.}17\%($plus or minus $2bps)$

the answer cannot be obtained based on the given information