Based on the following information concerning NBM stock,
Dividend just paid, D0: $4
Beta: 1.5
Risk free rate: 5%
Market risk premium: 7%
Current market price, P0: $200
Assume that the stock is priced in equilibrium, what is the dividend growth rate implied by these numbers?
a. 10%
b. 13.24%
c. 15%
d. 11.33%