Google will pay its first dividend of $1 per share at the end of the next year and it expects that dividends will increase at a constant rate thereafter. Googles stock jumped to $25.00 per share. If the required rate of return on the stock is 8%, what is the expected dividend growth rate?

Select one:

a. 6.66%

b. 4%

c. 5%

d. 10%5%