The Financial Sector $-$ Work It Out

Use the given data for Nordstrom to estimate the values for a comparable department store, Macy's.

Nordstrom:

a$.$ Macy's book value per share was $$19\mathrm{.}27.$ If Macy's has the same price$-$to$-$book value as Nordstrom, what is the value of

Macy's stock?

Value of Macy's stock: $

b$.$ Macy's earnings per share was $$0\mathrm{.}54.$ If Macy's has the same price$-$to$-$earnings ratio as Nordstrom, what is the value of

Macy's stock?

Value of Macy's stock: $