Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.85 at the end of th year. Its dividend is expected to grow at a constant rate of 8.50% per year. If Walter's stock currently trades for $12.00 per share, what is the expected rate of return? 8.57% 10.48% 15.58% 9.17% which of the following conditions must hold true for the constant growth valuation formula to be useful and give meaningful results? O The company's stock cannot be a zero growth stock. O The required rate of return, rs, must be greater than the long-run growth rate O The company's growth rate needs to change as the company matures