Martha's Vineyard Recently Paid a $3

Martha's Vineyard recently paid a $3.60 annual dividend on its common stock.This dividend increases at an average rate of 4.5% per year.The stock is currently selling for $57.88 a share.What is the rate of return on the stock?

A) 6.5%
B) 7.5%
C) 8.5%
D) 9.0%
E) 11.0%