Rite Aid (ticker symbol: RAD) has always increased its dividends by 4.7% annually. The pharmacy giant is expected to continue similar dividend increases in the foreseeable future. Next month, RAD will disburse a $1.90 annual dividend per share. If one share of RAD is worth $26.46 today, what is the market rate of return on this stock?

14.23 percent 7.18 percent 9.53 percent 11.88 percent 16.58 percent