The Required Return on Mountain Meadow Stock Is 14 Percent

The required return on Mountain Meadow stock is 14 percent and the dividend growth rate is 3.5 percent. The stock is currently selling for $11.80 a share. What is the dividend yield?

A) 7.50 percent
B) 8.00 percent
C) 9.75 percent
D) 10.50 percent
E) 12.50 percent