Fray Manufacturing is expected to pay a dividend of $$1\mathrm{.}25$ per share at the end of the year $)=($$$1\mathrm{.}25.$ The stock ells for $$27\mathrm{.}50$ per share, and its required rate of return is $10\mathrm{.}5\%.$ The dividend is expected to grow at some constant ate, $g,$ forever. What is the equilibrium expected growth rate?

$6\mathrm{.}01\%$

$5\mathrm{.}54\%$

$6\mathrm{.}07\%$

$6\mathrm{.}91\%$

$5\mathrm{.}95\%$