Question
Suppose Universal Forests current stock price is $59.00 and it is likely to pay a $0.57 dividend next year. Since analysts estimate Universal Forest will
| Suppose Universal Forests current stock price is $59.00 and it is likely to pay a $0.57 dividend next year. Since analysts estimate Universal Forest will have a 13.8 percent growth rate, what is its required return? (Round your answer to 2 decimal places.) |
| Required return | % |
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
