ARAMCO has a dividend growth rate of 0.0495% from year 2019-2022. The company paid a dividend of SAR 0.3518 per share for each quarter in year 2021. Assuming a required rate of return of 3.5%, answer the question below:

1. Find the fair price of ARAMCO (2 marks)
2. Is the stock traded as over-priced/fairly priced/underpriced? Please refer to figure below for current market price (LAST PRICE) (2 marks)

Date & time 08/06/2022. 14:03 (GMT-03:00) Share Last Saudi Aramco 40.55 High 40.85 Low 40.40 0.05 A % 0.12 A Bid 40.55 Ask Volume O 1,782,127 40.60