Here is some basic market information for Nike Market Price = $52.00 EPS (E) = $2.00 Dividend = $0.64 Beta = 0.5 Forecast Earnings Growth = 17% Based on this data, answer the following Questions (show your calculations for credit). If the S&P 500 Index increases by 10% in 2016, based on its history, do you expect Nike's price to increase or decrease and by what percentage? Assume Nike's EPS (E) increases to $3 per share. What is Nike's new P/E ratio? Calculate Nike's price to bring back the same P/E ratio as you found in question #1 above