15. A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1 = 0.50). Its dividend is expected to grow at a constant rate of 9 percent a year, and the stock has a required return of 12 percent. What is the expected price of the stock four years from today? * a) $ 5.46 b) $ 10 O c) $13.11 c d) $12.25 e) None of the above 16. LSP stock is priced at $80 in the market and $70 according to analysts. The stock is then a) Undervalued O b) $ 7.81 c) Overvalued d) $ 9.64 O e) None of the above