问题如下：
Matt wants to use the Gordon growth model to find a justified leading P/E for the Company M. He has assembled the information in the given table.
Based on the justified leading P/E and the actual leadingP/E, determine whether the stock is fairly valued, overvalued, or undervalued?
选项：
A.Overvalued.
B.Fairly valued.
C.Undervalued.
解释：
B is correct.
考点：Gordon Growth Model
解析：
Actual leading P/E = 37.6/1.88 = 20
两者相等，所以股票被正确定价。
这里的30%写的是payout ratio
1-b（payout ratio） 分子不应该是70%？
题目中给了earning。又给了1-b/r-g应该用哪个？
