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Use the given data for Nordstrom to estimate the values for a comparable department store, Macy's Nordstrom: Stock price per share ( July 2 0

 

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


Stock price per share (July 2015)

$50.71

Earnings per share (quarter ending July 2018)

$0.97

Book value per share (quarter ending July 2018)

$6.81

a. Macy's book value per share was $19.27. If Macy's has the same price-to-book value as Nordstrom, what is the value of Macy's stock?


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