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Universal Forest's current stock price is $ 6 4 . 0 0 and it is likely to pay a $ 0 . 4 7 dividend

Universal Forest's current stock price is $64.00 and it is likely
to pay a $0.47 dividend next year. Since analysts estimate
Universal Forest will have a growth rate of 13.6 percent, what
is its required return? (Round your answer to 2 decimal
places.) Answer is complete but not entirely correct.
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