Turnips and Parsley Common Stock Sells for $31

Turnips and Parsley common stock sells for $31.65 a share at a market rate of return of 9.5%.The company just paid their annual dividend of $1.20.What is the rate of growth of their dividend?

A) 5.2%
B) 5.5%
C) 5.9%
D) 6.0%
E) 6.3%