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In 2014, Pringle Company reported earnings per share of $9.50 when its stock was selling for $190. In 2015, its earnings increased by 10 percent.

In 2014, Pringle Company reported earnings per share of $9.50 when its stock was selling for $190. In 2015, its earnings increased by 10 percent. If all other relationships remain constant, what is the price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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