Homework: Chapter 10 Homework Question 4, P10-7 (similar to) Part 1 of 2 HW Score: 43.33%, 4.33 of 10 points O Points: 0 of 2 (Common stock valuation) Wayne, Inc.'s outstanding common stock is currently selling in the market for $36. Dividends of $3.27 per share were paid last year, return an equity is 24 percent, and its retention rate is 23 percen What is the value of the stock to you, given a required rate of return of 16 percent? b. Should you purchase this stock? a. Given a required rate of return of 16 percent, the value of the stock to you is 5 (Round to the nearest cent.)