The Campion Company has paid its common stockholders $2.00 per share in dividends in the past 10 years and is expected to continue paying this dividend long into the future. Based on this information, the Campion Company's stock:

Group of answer choices

Is overvalued, because its fair price is above the market price.

Is undervalued, because its fair price is below $2 per share paid one year from today.

Is valued at $2 per share in the current stock market.

Is priced the same as a $2 perpetuity.

Essentially is worthless, because the company shows no growth potential.