Given the following data, what is the stock's expected growth rate according to the Gordon model?
Dividend per share just paid: $2
Current market price: $30
Required rate of return: .10
Assume the stock is priced in equilibrium.
Select one:
a. 3.13%
b. 5.94%
c. 4.32%
d. 2.01%
e. 6.65%