Home Canning Products common stock sells for $41.00 a share and has a market rate of return of 12.8 percent. The company just paid an annual dividend of $1.15 per share. What is the dividend growth rate?
A. 8.29 percent
B. 8.45 percent
C. 9.23 percent
D. 9.67 percent
E. 9.72 percent