Using the following information:

Price share = $41.7

Current Dividend = $1.77

Initial dividend growth rate = 7%, declining linearly during a 10-year period to a final and constant growth rate of 4%

Required rate of return = 9.5%

a)Estimate the value of the stock using the H-model

b)Estimate the value of the stock if its constant (normal) growth period started immediately

c)Assess whether the company's share appear to be fairly valued, overvalued, or undervalued.