Simontech has a current dividend of $1.70 per share and a current stock price of $28 per share. The expected market return is 13% and the risk-free rate estimate is 9%. If Simontech stock is half as volatile as the market, and the market is in equilibrium, what rate of growth is expected for Simontechs dividends assuming a constant growth valuation model is appropriate?

A) 4.2% B) 3.3% C) 4.7% D) 5.1%