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MTC Touch Inc. has developed a new product. Therefore, its ROE is expected to be 20% next year, and its earnings retention ratio will be
MTC Touch Inc. has developed a new product. Therefore, its ROE is expected to be 20% next year, and its earnings retention ratio will be maintained at 45%. Next years earnings are expected to be $5 per share and the investors are expecting a 10% rate of return on the stock. What will be MTC Touch Inc.s stock price after 3 years? * A) $275 B) $356.1 C) $694.6 D) None of the above
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