Suppose that in July 2013, Nike had EPS of $2.52 and a book value of equity of $12.48 per share.

a. Using the average P/E multiple in Table 10.1, estimate Nike’s share price.

b. What range of share prices do you estimate based on the highest and lowest P/E multiples in Table 10.1?

c. Using the average price-to-book value multiple in Table 10.1, estimate Nike’s share price.

d. What range of share prices do you estimate based on the highest and lowest price- to-book value multiples in Table 10.1?