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You are cutrently thinking about imvesting in a stock priced at $22.00 per share. The stock recently paid a aflividend of $2.25, and its dividend

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You are cutrently thinking about imvesting in a stock priced at $22.00 per share. The stock recently paid a aflividend of $2.25, and its dividend is expected to grow at a rate of 5 percent for the focesecable future. You normally reqisire a return of 14 percent on stocks of similar risk is the stock overpriced, underpriced, or correctly priced? (Round answer to 2 decimal ploces, es. 52.75. ) Current value of the stock 5 The stock is st$2200

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