You are currently thinking about investing in a stock valued at $22 per share. The stock recently paid a dividend of $2.60 and its dividend is expected to grow at a rate of 6 percent for the...

You are currently thinking about investing in a stock valued at $22 per share. The stock recently paid a dividend of $2.60 and its dividend is expected to grow at a rate of 6 percent for the foreseeable future. You normally require a return of 14 percent on stocks of similar risk. Is the stock overpriced, underpriced, or correctly priced?

- Current Value of Stock? -$

- The stock is (correctly priced/underpriced/overpriced) at $22