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Chaptee 11 Homework Courm #64: Tiny Beaun. Things . The R He mework Last year, Rec Room Sports reported earnings per share of $7.70 when

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Chaptee 11 Homework Courm #64: Tiny Beaun. Things . The R He mework Last year, Rec Room Sports reported earnings per share of $7.70 when its stock price was $130.90. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.) bo

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