Suppose the risk$-$free rate of return is $3\mathrm{.}5$ percent and the market risk premium is $8$ percent. Stock U$,$ which has a beta coefficient equal to $0\mathrm{.}9,$ is currently selling for $$40$ per share. The company is expected to grow at a $4$ percent rate forever, and the most recent dividend paid to stockholders was $$3\mathrm{.}00$ per share. Is Stock U correctly priced? Explain. Do not round intermediate calculations. Round your answers to one decimal place.