The company just paid its annual dividend of $4.50. You believe the dividend will grow perpetually at 5.9% per annum. Today's price-to-earnings ratio is 17.3 and the payout ratio always equals 85%. You assess intrinsic value with a 13.3% discount rate. Find the one-year rate of return from buying the stock today and holding it one year, given that next year's share price converges to next year's intrinsic value. 0 -24.6% 0-16.8% 0-18.5% 0-20.3% 0-22.4%