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How is this problem solved? You are evaluating the stock price of Kroger, a grocery store chain. It has forward earnings per share of $

How is this problem solved?

You are evaluating the stock price of Kroger, a grocery store chain. It has forward earnings per share of

$ 3.12. You notice that its competitor Safeway has a P/E ratio of 12.3 hat is a good estimate of Kroger's stock price?

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