For the current year Loanstar plc paid a dividend of 18p per share. Last year it paid 16p and the year before that, a dividend of 14p. The current earnings per share (EPS) is 52p. Inflation over the last year has been 3%. Which of the following statements is/are correct? (1) The average nominal dividend growth rate is 13.4% (2) The current pay-out ratio is 34.6% (3) The real dividend increased by 9.2% over the last year O A. (1) and (2) are correct OB. Only (1) is correct O c. (2) and (3) are correct O D. All three statements are correct O E. Only (3) is correct