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a. ME Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are expected to be $3 per

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a. ME Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are expected to be $3 per share, at what price will the stock sell? The market capitalization rate is 11%. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Price b. What price do you expect MF shares to sell for in three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price

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