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。
g越大，计算出来value数值越大，这点清楚。 当股票的市场价格高于内在价值时，表示股票价格被高估，这点也清楚 不清楚的是： analyst has estimated g = 6%, current price implies a growth rate = 5% 这两个增长率，哪个反映股票市场价格，哪个反映股票内在价值？（写在追问里，发错位置了，重新提交，原提问请后台删除）
