Harbucks Coffee is a constant growth stock selling for its equilibrium price of $50. Harbucks has a beta of 0.9 and the current dividend is $1.50. What is Harbucks expected constant growth rate if the risk-free rate is 2% and the market return is 10%?

Group of answer choices

a) 6.0%

b) 8.0%

c) 7.8%

d) 5.0%

e) 6.2%