[22] Choose the correct answer w/ explanation . Given: Dividend payout ratio of 70%; Equity Risk Premium of 5%; Current Stock Price of 80; ROE of 20%; Risk Free Rate of 3%; Expected Dividend per share...

[22]Choose the correct answer w/ explanation.
Given: Dividend payout ratio of 70%; Equity Risk Premium of 5%; Current Stock Price of 80; ROE of 20%; Risk Free Rate of 3%; Expected Dividend per share of 2. The stock is:

• Undervalued


• Overvalued


• Fairly Valued


• No Value