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4. Samsung Inc. has developed a new product. Therefore, its ROE is expected to be 22% next year, and its earnings retention ratio will be

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4. Samsung Inc. has developed a new product. Therefore, its ROE is expected to be 22% next year, and its earnings retention ratio will be maintained at 30%. Next year's earnings are expected to be $2 per share and the investors are expecting a 9% rate of return on the stock. What will be Samsung Inc.'s stock price after 3 years? * A) $58.3 B) $70.6 O C) $101.3 O D) None of the above

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