Question: Problem 10-16 Required Return (LG10-7) Universal Forest's current stock price is $64.50 ond it is ikely to pay o $0.58 dividend next yeaz Since analysts

Problem 10-16 Required Return (LG10-7) Universal Forest's current stock price is $64.50 ond it is ikely to pay o $0.58 dividend next yeaz Since analysts estimate Universat Forest wal have a growth rate of 12.6 percent, whot is its foquired return? (Round your answer to 2 decimal places.)

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