Question
Last year, Rec Room Sports reported earnings per share of $9.00 when its stock price was $270.00. This year, its earnings increased by 25 percent.
| Last year, Rec Room Sports reported earnings per share of $9.00 when its stock price was $270.00. This year, its earnings increased by 25 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.) |
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
