Suppose universal forestrsquos current stock price is 6900, Financial Management

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Suppose universal forestrsquos current stock price is 6900

Suppose Universal Forest’s current stock price is $69.00 and it is likely to pay a $0.68 dividend next year. Since analysts estimate Universal Forest will have a 10.6 percent growth rate, what is its required return? (Round your answer to 2 decimal places.)

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Financial Management: Suppose universal forestrsquos current stock price is 6900

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Financial Management: Suppose universal forestrsquos current stock price is 6900

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