Nike and book versus market value of shares Nike's (diluted) earnings per share on May 31, 2020 was $1.60. As highlighted by Nike in its 10K "basic earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the year in other words, earnings per share represents the book value (as determined by the income statement) of one Nike share. The closing price of one Nike share trading on NASDAQ on May 29, 2020 was 98.58. This number represents the market's valuation of one Nike share. (NOTE: May 31 fell on a weekend which is not a trading day on NASDAQ). Please respond to the following 2 questions: Why do you think earnings per share and the market price are different? Do you think both numbers are valuable or one is more valuable than the other? Why