You are planning to buy a stock that is in equilibrium. The stock's dividend is expected to grow at a constant rate of 7% a year, which of the following statements you believe is CORRECT?

A.) The stock's dividend yield is 7%.

B.) The stock's required return must be equal to or less than 7%.

C.) The price of the stock is expected to decline in the future.

D.) The stock's price one year from now is expected to be 7% above the current price.