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(Common stock valuation) Wayne, Inc.'s outstanding common sock is currently selling in the markef for $25. Dividonds of $3.01 per share were paid tart your,

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(Common stock valuation) Wayne, Inc.'s outstanding common sock is currently selling in the markef for \$25. Dividonds of $3.01 per share were paid tart your, return on equity is 27 percent, and its retention rate is 26 percont a. What is the value of the stock to you. given a required rate of return of 19 percom? b. Should you purchase this slock

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