Question
Last year, Rec Room Sports reported earnings per share of $7.60 when its stock price was $121.60. This year, its earnings increased by 25 percent.
Last year, Rec Room Sports reported earnings per share of $7.60 when its stock price was $121.60. 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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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
