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The common stock of Bethel Baked Goods is valued at $15.76 a share. The company increases its dividend by 4% annually and the companys most

The common stock of Bethel Baked Goods is valued at $15.76 a share. The company increases its dividend by 4% annually and the companys most recent dividend was $.60 per share. what is the required rate of return on this stock?

a. 8.81%

b. 8.29%

c. 9.03%

d. 7.96%

e. 8.48%

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