Question text Classic Warehouse currently pays a common stock dividend of $0.60 per share. Dividends are expected to grow at a rate of 10 percent per year for the next four years and then to continue growing at a rate of 7 percent per year indefinitely. What is the current value of a share of Classics common stock to an investor who requires a 14 percent rate of return? Show workings. If the market price of the share is $8, is the share over-priced, under-priced or fairly-priced. Explain your answer.