The common stock of Eagle, Inc. sells for $24 a share. The stock is expected to pay $0.80 per share next month when the annual dividend is distributed. Eagle's has established a pattern of increasing its dividends by 2% annually and expects to continue doing so. What is the market rate of return on this stock?

Group of answer choices

4.37%

5.33%

6.26%

7.13%

7.82%