问题如下：
The analyst has estimated that Company M`s dividends are expected to grow indefinitely at 6% even though the current price implies a growth rate of 5% during the same period. Which of the following statements is correct?
选项：
A.The stock price is fairly valued.
B.The stock price is overvalued.
C.The stock price is undervalued.
解释：
C is correct.
考点：Implied Dividend Growth Rate
解析：当前股票价格所反映的增长率小于分析师预期的增长率，表明股票价格被低估了。
参考解析回复，本题中： expected to grow indefinitely at 6%为 分析师预测的用于计算内在价值的增长率，而
the current price implies a growth rate of 5% 是当前股票市场价格的增长率？ 判断逻辑依然是 市场增长率小于内在增长率，因此低估？
