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( Common stock valuation ) Wayne, Inc. ' s outstanding common stock is currently selling in the market for $ 3 7 . Dividends of
Common stock valuation Wayne, Inc.s outstanding common stock is currently selling in the market for $ Dividends of $ per share were paid last year, return on equity is percent, and its retention rate is percent.
a What is the value of the stock to you, given a required rate of return of percent?
b Should you purchase this stock?
a Given a required rate of return of percent, the value of the stock to you is $ Round to the nearest cent.
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