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Problem 18-9 MF Corp. has an ROE of 15% and a plowback ratio of 65%. The market capitalization rate is 15%. a. If the coming

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Problem 18-9 MF Corp. has an ROE of 15% and a plowback ratio of 65%. The market capitalization rate is 15%. a. If the coming year's earnings are expected to be $1.70 per share, at what price will the stock sell? (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 five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price

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