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Can you please answer this question without using excel BC Corporation common stock has just paid a dividend of $2.20 per share. Its dividend is

Can you please answer this question without using excel

BC Corporation common stock has just paid a dividend of $2.20 per share. Its dividend is expected to grow at a rate of 5 percent per year indefinitely. The current stock price is $30 and the risk premium associated with this stock is 8.7 percent. What is the implied risk free rate?

A. 3.63% B. 3.70% C. 4.00% D. 4.42%

Many thanks!

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