2.

MF Corp. has an ROE of 17% and a plowback ratio of 45%. The market capitalization rate is 14%. a. If the coming years earnings are expected to be $1.60 per share, at what price will the stock sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

price : b. What price do you expect MF shares to sell for in four years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

price :