$(10$ points$)$ Casino Co$.$ is expected to pay a dividend of $$6$ per share at the end of year one and these dividends are expected to grow at a constant rate of $3\%$ per year forever. The stock has a beta of $0\mathrm{.}5.$ Expected return of the stock market is $25\%$ and the risk$-$free rate is $5\%.$ You can use the capital asset pricing model.

What is current value of the stock today?

Suppose you carried out research that led you to expect that the correlation of the Casino's stock returns would be uncorrelated with the market. However, the market was still pricing the stock as in part a$.$ What should you do$?$