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A wealth management firm specializing in purchasing value stocks ( i . e . , stocks trading well below their intrinsic value ) recently hired

A wealth management firm specializing in purchasing "value" stocks (i.e., stocks trading well below their intrinsic value) recently hired you as an analyst. The firm evaluates stocks using the dividend-growth model. You are tasked with evaluating a common stock in a newly public blockchain company. It currently pays a $2 dividend with a 4% growth rate and required return of 11%. The stock is priced at $43.57. Determine the current stock value and whether it is properly valued.

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