Franklin Corporation is expected to pay a dividend of $$1\mathrm{.}25$ per share at the end of the year $($D$1=$ $$1\mathrm{.}25).$ The stock sells for $$32\mathrm{.}50$ per share, and its required rate of return is $10\mathrm{.}5\%.$ The dividend is expected to grow at some constant rate, g$,$ forever. What is the equilibrium expected growth rate?

Question $11$ options:

a$)$

$6\mathrm{.}01\%$

b$)$

$6\mathrm{.}17\%$

c$)$

$6\mathrm{.}33\%$

d$)$

$6\mathrm{.}49\%$

e$)$

$6\mathrm{.}65\%$