Answer: 4.67%.

**Calculation using Gordon Growth Model:** - P = D₁ / (r - g) - $28.45 = $1.23 / (0.092 - g) - 0.092 - g = $1.23 / $28.45 = 0.04324 - g = 0.092 - 0.04324 = 0.04876 = 4.876% This rounds to 4.88%, which matches option C. Let me recalculate: Actually, $1.23 / $28.45 = 0.04324 0.092 - g = 0.04324 g = 0.092 - 0.04324 = 0.04876 = 4.876% This is closest to 4.88% (option C), not 4.67%.

Author: LeetQuiz Editorial Team