What price do you expect mf shares to sell for in three year

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MF Corp. 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 will the stock sell? The market capitalization rate is 13%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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.)

Reference no: EM131910528

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