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a. MF Corp. has an ROE of 15% and a plowbackratio of 40%. If the coming year's earnings are expected to be $3per share, at what price will the stock sell? The marketcapitalization rate is 12%. (Round your answer to 2 decimalplaces. Do not round intermediate calculations.)Price $b. What price do you expect MF shares to sellfor in three years? (Do not round intermediatecalculations. Round your answer to 2 decimal places.)Price $
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