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The stock price will be $ (Round to the nearest cent.) HW Score: 0%, O of 10 points < Question 6, P 10-10 (similar to)

image text in transcribed The stock price will be $ (Round to the nearest cent.)

HW Score: 0%, O of 10 points < Question 6, P 10-10 (similar to) > O Points: O of 1 You are evaluating the stock price of Kroger, a grocery store chain. It has forward earnings per share of $2.52. You notice that its competitor Safeway has a PIE ratio of 12.2. What is a good estimate of Kroger's stock price? The stock price will be $11. (Round to the nearest cent.) Save

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