You are currently thinking about investing in a stock

priced at $$20\mathrm{.}00$ per share. The stock recently paid a

dividend of $$2\mathrm{.}10,$ and its dividend is expected to

grow at a rate of $4$ percent for the foreseeable future.

You normally require a return of $12$ percent on stocks

of similar risk. Is the stock overpriced, underpriced,

or correctly priced?$($Round answer to $2$ decimal places,

e$.$g$.52\mathrm{.}75.)$