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Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.25 at the end of the year. Its dividend is

Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.25 at the end of the year. Its dividend is expected to grow at a constant rate of 6.00% per year. If Walters stock currently trades for $17.00 per share, what is the expected rate of return?

A. 612.49%

B. 19.24%

C. 1,563.53%

D. 692.65%

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