Biskut Berhad pays dividend of RM0.80 and Mamat expect the dividends to grow at 10% for the first year, and then decline by 6% in second and third year. In the fourth and thereafter the dividend grows at 8% indefinitely. Based on this information, if Mamat wants to earn 12% on investments of this stock, would he buy the stock if the current market price is RM20 each? Why. (6 marks)