Question
Suppose Universal Forests current stock price is $64.50 and it is likely to pay a $0.58 dividend next year. Since analysts estimate Universal Forest will
| Suppose Universal Forests current stock price is $64.50 and it is likely to pay a $0.58 dividend next year. Since analysts estimate Universal Forest will have a 12.6 percent growth rate, what is its required return? (Round your answer to 2 decimal places.) |
| Required return | % |
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
