The Herb Garden Common Stock Sells for $43

The Herb Garden common stock sells for $43.70 a share and has a market rate of return of 11.6%. The company just paid an annual dividend of $1.42 per share. What is the dividend growth rate?

A) 5.32%
B) 5.73%
C) 7.82%
D) 8.09%
E) 8.14%