If a stock's dividend is expected to grow at a constant rate of $5\%$ a year, which of the following statements is correct?

Select one:

a$.$ The stock's dividend yield is $5\%.$

b$.$ The price of the stock is expected to decline in the future.

c$.$ The stock's required return must be equal to or less than $5\%.$

d$.$ The stock's price one year from now is expected to be above the current price.

e$.$ The expected return on the stock is $5\%$ a year.