8)Whether it is overvalued or undervalued price of share ? A)(example from hock :QUESTION- Archer Inc. has 500,000 shares of $10 par value common stock outstanding. For the current year, Archer paid a cash dividend of $4.00 per share and had earnings per share of $3.20. The market price of Archers stock is $36 per share. The average price-earnings ratio for Archers industry is 14.00. When compared to the industry average, Archers stock appears to be