Universal Forest's Current Stock Price Is $154

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 percent growth rate, what is its required return?

A) 16.40 percent
B) 15.28 percent
C) 13.62 percent
D) 14.71 percent