Question: Please answer both (Common stock valuation) Wayne, Inc.'s outstanding common stock is currently selling in the market for $23. Dividends of $2.81 per share were

Please answer both

(Common stock valuation) Wayne, Inc.'s outstanding common stock is currently selling in the market for $23. Dividends of $2.81 per share were paid last year, return on equity is 24 percent, and its retention rate is 22 percent. a. What is the value of the stock to you, given a required rate of return of 17 percent? b. Should you purchase this stock? a. Given a required rate of return of 17 percent, the value of the stock to you is $. (Round to the nearest cent.)

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