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Given that the cost of common stock is 15 percent, dividends just paid are $1.25 per share and the price of the stock is $13

Given that the cost of common stock is 15 percent, dividends just paid are $1.25 per share and the price of the stock is $13 per share, what is the annual growth rate of dividends?

A.

5.30%

B.

4.91%

C.

4.83%

D.

5.25%

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