Stock Evaluation Athabasca River Cruise Inc. (ARCI) has expected earnings per share of $10 for the next year. It has been paying out 25% of its earnings to shareholders as dividends and will continue to keep this practice. The market capitalization rate for ARCI is 10%, and the expected rate od return for future investment is 12% per year. Based on the constant growth rate discounted dividend model, answer the following question. What is the expected growth rate of dividends? a. 10% b. 12% C. 9% d. 25% O a. Ob. Oc. Od. >