Example (3): Constant Growth Model In the 25 years between 1990 and 2015, the food company General Mills increased its dividend payments by about 7% per year. In 2015 General Mills was paying an annual dividend of $1.76 per share. a) If the required return on General Mills stock is 10%, what is the expected stock price? b) If the market price of General Mill is $50, is it overvalued or undervalued? c) If suddenly, the growth opportunity drops to 2%. What would happen