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In 2012, Rec Room sports reported earnings per share of $8.50 when its stock price was $212.50. In 2013, its earnings increased by 20%. If

In 2012, Rec Room sports reported earnings per share of $8.50 when its stock price was $212.50. In 2013, its earnings increased by 20%. If the P/E ratio remains constant, what is likely to be the price of the stock? Explain

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