Question 3 (1 point) Company X has just paid a dividend of $10. The stock price just after the payment of the dividend is $260 per share. The annual return rate on the stock is 8% and the stock is expected to grow at a rate of g% per year. Assuming annual dividends, calculate the growth rate of the stock, g. a) 3.6% b) 4.2% c) 4.0% d) 4.4% e) 3.8%