Assume a stock is trading for $$30$ per share. You expect the firm to pay a dividend

next year of $$0\mathrm{.}50,$ in year $2$ of $$0\mathrm{.}60,$ and in year $3$ of $$0\mathrm{.}75.$ If you expect the stock to

sell for $$35$ in three years and the required rate is $10\%,$ is this stock undervalued or

overvalued?