Question
MF Corp. has an ROE of 20% and a plowback ratio of 50%. If the coming year's earnings are expected to be $2 per share,
| MF Corp. has an ROE of 20% and a plowback ratio of 50%. If the coming year's earnings are expected to be $2 per share, at what price will the stock sell? The market capitalization rate is 12%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| 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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The Essential Credit Repair Handbook
Authors: Deborah McNaughton
1st Edition
160163160X, 978-1601631602
