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XYZ Inc. has an ROE of 20% and a Plowback Ratio of 30%. If the coming year's earnings are expected to be $3 per share,
XYZ Inc. has an ROE of 20% and a Plowback Ratio of 30%. If the coming year's earnings are expected to be $3 per share, at what price do you expect the stock to sell? Assume that the market capitalization rate is 14%. What price do you expect the stock to sell in 3 years?
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