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MF Corp. has an ROE of 18% and a plowback ratio of 65%. The market capitalization rate is 15%. If the coming year's earnings are
MF Corp. has an ROE of 18% and a plowback ratio of 65%. The market capitalization rate is 15%. If the coming year's earnings are expected to be $2.50 per share, at what price will the stock sell? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) What price do you expect MF shares to sell for in 5 years? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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