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7 You are evaluating the stock price of Kroger, a grocery store chain. It has forward earnings per share of $ 2.85. You notice that
7
You are evaluating the stock price of Kroger, a grocery store chain.
It has forward earnings per share of $ 2.85.
You notice that its competitor Safeway has a P/E ratio of 12.4
.
What is a good estimate of Kroger's stock price?
The stock price will be
$ (Round to the nearest cent.)
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