Town Inc. currently pays a dividend of $2.72 per share. The required rate of return is 13 percent and the constant growth rate is 5% percent. a. Compute PO. (Assume normal growth of distributions). b. If the Stock was trading at $42 and the required rate of return was 13%, would it be under or overvalued? Would you be willing to buy shares at this price? C. Assume Ke, the required rate of return, goes up from the original expectations to 15 percent, dividends stay at $2.72 indefinitely and growth falls to 4% what will be the new value of PO