The UJK Company has just paid a dividend of $5. The dividends are expected to grow at a rate of 20% for the next three years. After the third year, dividends are expected to decline at a rate of 3% per year forever. The required rate of return for UJK is 12%. The current market price of UJK is $61. Which one of the following statement is correct? O a. UJK is overpriced because its fair price is $57.02 O b. UJK is overpriced because its fair price is $61.17 O c. UJK is underpriced because its fair price is $59.33 O d. UJK is underpriced because its fair price is $66.45 Oe. UJK is overpriced because its fair price is $73.12