Assessment Part 1 of 2 O Points: 0 of 1 Save (Common stock valuation) Wayne, Inc.'s outstanding common stock is currently selling in the market for $13. Dividends of $1.58 per share were paid last year, return on equity is 19 percent, and its retention rate is 21 percent. a. What is the value of the stock to you, given a required rate of return of 15 percent? b. Should you purchase this stock? a. Given a required rate of return of 15 percent, the value of the stock to you is $ (Round to the nearest cent.)