Question 6(of 6) 1.85 points Problem 10-16 Required Return (LG10-7) Suppose Universal Forest's current stock price is $70.50 and it s likely to pay a $0.52 dividend next year Since analysts estimate Universal Forest will have a 11.8 percent growth rate, what is its required return? Round your answer to 2 decimal places.) Required return Hints References eBook & Resources Hint#1 Hint#2 Hint#3 Hint#4 Hint #5 O Type here to search 2