The common stock of NCP paid $1.75 in dividends last year. Dividends are expected to grow at an annual rate of 9.90% for an indefinite number of years

1. If NCP's current market price is $25.38 per share, what is the stock's expected rate of return?

2. If your required rate of return is 11.9%, what is the value of the stock for you?

3. You should (Buy/sell) the stock because the expected rate of return is (Less than/Greater than) your required rate of return or the value of the stock is (larger than/ smaller than) the market price.