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Problem 10-16 Required Return (LG10-7) Suppose Universal Forest's current stock price is $57.00 and it is likely to pay a $0 37 dividend next year

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Problem 10-16 Required Return (LG10-7) Suppose Universal Forest's current stock price is $57.00 and it is likely to pay a $0 37 dividend next year Since analysts estimate Universal Forest will have a 12.5 percent growth rate, what is its required refurn? (Round your answer to 2 decimal places.) Required return Hints References eBook& Resources Hint#1

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