12. Marthas Vineyard recently paid a $3.60 annual dividend on their common stock. This dividend increases at an average rate of 3.5 percent per year. The stock is currently selling for $62.10 a share. What is the rate of return?

(A) 2.5 percent

(B) 3.5 percent

(C) 5.5 percent

(D) 6.0 percent

(E) 9.5 percent