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The UJK Company has just paid a dividend of $5. The dividends are expected to grow at a rate of 20% for the next three years. After the third year, dividends are expected to decline at a rate of 3% per year forever. The required rate of retum for UJK is 12%. The current market price of UJK is $61. Which one of the following statement is correct? O a. UJK is underpriced because its fair price is $66.45 O b. O C. UJK is overpriced because its fair price is $73.12 UJK is overpriced because its fair price is $57.02 UJK is overpriced because its fair price is $61.17 UJK is underpriced because its fair price is $59.33 O d. O e