A company is going to pay the dividend of $2 per share in year 1. For year 2 dividend will be $4 per share, it is expected that dividend will grow at 8% per year thereafter. The required rate of return on the stock is 15%. i) What is the price of stock today? ii) What is the expected price of stock in a year? iii) Whether the expected return 15% is equal to the dividend yield plus capital gain or not? iv) Whether the stock is fairly priced, overpriced or underpriced? Justify your answer.