Joan and Valeries Art Gallery is losing business as the local people are all moving out because the local town factory is closing. As a result, the companys earnings and dividends are declining at a constant rate of 5% per year. The most recent dividend, paid yesterday, was $5 and investors require a rate of return of 15%

-What is the is the expected per share value of the stock today?

-If the current market price was $5 per share, would you buy it or short it?

-If the current market price was $15 per share, would you buy it or short it?