A stock is expected to pay a year-end dividend of $2.00, i.e., D1 = $2.00. The dividend is expected to decrease at a rate of 3% a year forever. Suppose the company is in equilibrium and its expected and required rate of return is 15%. Your fathers friend tells your dad that the stock is offered at price of $12.67 and claims that it is a very cheap stock and he can make a good return. What would be your answer to your dad? (Recommend to buy it or not, Explain!)