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a. MF Corp. has an ROE of 15% and a plowback ratio of 40%. If the coming year's earnings are expected to be $4 per

a. MF Corp. has an ROE of 15% and a plowback ratio of 40%. If the coming year's earnings are expected to be $4 per share, at what price will the stock sell? The market capitalization rate is 12%. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Price $ 30 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 $ 34.53

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