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Unit 7 - Chapter 11 Homework Assignment i Saved Help Save & Exit Submit 3 Check my work 4 Last year, Rec Room Sports reported

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Unit 7 - Chapter 11 Homework Assignment i Saved Help Save & Exit Submit 3 Check my work 4 Last year, Rec Room Sports reported earnings per share of $8.60 when its stock price was $223.60. 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.) 10 points Price of the stock 8 04:39:38 Print

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