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MF Corp. has an ROE of 12% and a plowback ratio of 60%. The market capitalization rate is 10%. a. If the coming year's earnings
| MF Corp. has an ROE of 12% and a plowback ratio of 60%. The market capitalization rate is 10%. |
| a. | If the coming year's earnings are expected to be $1.50 per share, at what price will the stock sell? |
| b. | What price do you expect MF shares to sell for in 3 years? |
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