Universal Forest's Current Stock Price Is $154

question 34

Multiple Choice

Universal Forest's current stock price is $154.00 and it is likely to pay a $5.23 dividend next year. Since analysts estimate Universal Forest will have a 13.0% growth rate, what is its required return?

• A) 16.40%
• B) 15.28%
• C) 13.62%
• D) 14.71%

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