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value: 4.00 points Problem 13-19 a. ME Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are
value: 4.00 points Problem 13-19 a. ME Corp. has an ROE of 16% 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 1296. (Do not round intermediate calculations.) 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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