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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

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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