You are evaluating Wheelhouse Consultants and you note that the trailing twelve month PE is 13 and the forward PE is 11. Based on this, and all else equal, you can determine that:

A. the company is in decline.

B. earnings are expected to grow.

C. the stock price is expected to fall.

Crake & Beales paid dividends of $3.78 per share over the last twelve months, the stock price is $52.19, and the discount rate is 9.87%. Assuming the constant growth model applies. the dividend growth rate percentage is:( )