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Last year, Rec Room Sports reported earnings per share of $8.70 when its stock price was $234.90. This year, its earnings increased by 20
Last year, Rec Room Sports reported earnings per share of $8.70 when its stock price was $234.90. 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.) Price of the stock
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
