31, Bugatti, inc just paid s dividend of $3.40, and its current stock price is $48, The discount rate for the company is 11% the market expects Bugatti dividends to grow at a constant rate forever, then the growth fate must be_____%?

1, 4.46

2, none of the given answers for this question are within 0.05 points of the correct answer

3, 3.26

4, 4.86

5, 3.66

6, 4.06