You are thinking about investing in stock in a company who paid a dividend of $$10$ this year and whose

dividends you expect to grow at $3$ percent a year. The risk$-$free rate is $3$ percent and you require a risk premium

of $4$ percent. If the price of the stock in the market is $$200$ a share, should you buy it$?$

$,$ using the dividend$-$discount model, you are willing to pay up to

per share.