Pixie Ltd Just Paid a $2

Pixie Ltd just paid a $2.00 dividend on its ordinary shares and expects to continue growing dividends at an average rate of 5% each year, from now to infinity.If the required rate of return for these shares is 9% and they are currently selling for $54.50 per share, the shares [blank].

A) are selling for exactly their intrinsic value
B) there is no information to determine if the shares are overpriced or underpriced
C) are underpriced
D) are overpriced