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Q: NIKE has a P/E ratio of 28. The industry average is 32. NIKEs EPS is $2.27 and is expected to grow by 5% next

Q: NIKE has a P/E ratio of 28. The industry average is 32. NIKEs EPS is $2.27 and is expected to grow by 5% next year. If NIKE P/E ratio grows from 28 to 32, what will NIKEs stock price be next year? If the price is currently 66.17 what percentage growth is that?

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