Franklin Corporation is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25). The stock sells for $32.50 per share, and its required rate of return is 10.5%. The dividend is expected to grow at a constant rate, g, forever. What is g?

Group of answer choices

6.01%

6.17%

6.33%

6.65%