QUESTION 14 Assume that a stock is expected to pay a $3.50 dividend next year (DIV1), which is then expected to grow at a constant annual rate. The stock is currently selling at $43.75 and investors require a 12 percent rate of return for this stock. What is the expected growth rate of the dividend? A. 496 B. 8% O C. 20% D. It cannot be determined due to lack of information E. None of the above