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Q6. BitCorp has a return on equity of 14.5% and a plowback ratio of 65%. If the coming years earnings are expected to be $3.2

Q6. BitCorp has a return on equity of 14.5% and a plowback ratio of 65%. If the coming years earnings are expected to be $3.2 per share and the market capitalization rate is 10%:

  1. What is the market price of the stock?
  2. What would be BitCorps share price four years from now?

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