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Assume that the market price of Nikes stock at the end of its fiscal year was $77.14 in 2019 and $98.58 in 2020. Compute the

Assume that the market price of Nikes stock at the end of its fiscal year was $77.14 in 2019 and $98.58 in 2020.

  1. Compute the price-earnings ratio for 2019 and 2020. Round to two decimal places.
  2. Analyze and comment on your results from part (1).image text in transcribed

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