The Required Return on a Particular Stock Is 13

The required return on a particular stock is 13.5 percent. The stock is priced at $12.95 per share, and dividends are paid annually and are expected to grow at 3 percent per year forever. What is the dividend the stock just paid?

A) $1.23
B) $2.37
C) $1.13
D) $1.32
E) $1.09