Saeed53771 Saeed53771

11-03-2024
Business

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MF Corporation has an ROE of 10% 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 14%.
a) $20.00
b) $14.00
c) $28.00
d) $12.00

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