An investor expects a share to pay dividends of $3 and $3.15 at the end of Years 1 and 2, respectively. At the end of the second year, the investor expects the shares to trade at $40. The required rate of return on the shares is 8%. If the investor's forecasts are accurate and the market price of the shares is currently $30, the most likely conclusion is that the shares are: overvalued. undervalued. fairly valued