\begin{tabular}{l|l} Question 15 & Batelco's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 \\ Not yet & percent indefinitely. In addition, Batelco's most recent dividend was $5.50. If the expected risk-free rate of \end{tabular} return is 3 percent, the expected market return is 8 percent, and Batelco has a beta of 1.2, Batelco's stock would be Flag question a. undervalued b. not enough information to tell c. properly valued d. overvalued