Russell Foods Pays a Fixed Annual Dividend of $2

Russell Foods pays a fixed annual dividend of $2.28 a share.At a required return of 11.5 percent, the stock is valued at $43.20 a share.What is the dividend growth rate at this price?

A) 5.99 percent
B) 5.28 percent
C) 6.12 percent
D) 5.37 percent
E) 6.22 percent