Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D_1 = $125). The stock sells for $2750 per share, and its required rate of return is 10.5%. The dividend expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate? a. 5.54% b. 6.97% c. 5.55% d. 6.01% e. 6.91%