Words:0 Path:p QUESTION 9 A stock is expected to pay a year-end dividend of $2.00, i.e., D1 = $2.00. The dividend is expected to decrease at a rate of 3% a year forever. Suppose the company is in equilibrium and its expected and required rate of return is 15%. Your father's friend tells your dad that the stock is offered at price of $12.67 and claims that it is a very cheap stock and he can make a good return. What would be your answer to your dad? (Recommend to buy it or not, Explain!) TTT Arial v 3 (12pt) T. E Save All Ans Click Save and Submit to save and submit. Click Save All Answers to save all answers o i e DOL Priser F11 112 3 Fd F5 FE # % & * $ 4 3 5 6 7 9 E R T U D F G H JK