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Return Problem 13-19 a. MF Corp. has an ROE of 14% and a plowback ratio of 40%. If the coming year's earnings are expected to

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Return Problem 13-19 a. MF Corp. has an ROE of 14% and a plowback ratio of 40%. 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%. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Answer is complete and correct. Price 18.75 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.) Answer is complete but not entirely correct. Price $ 16.82 X

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