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You are evaluating the stock price of Kroger, a grocery store chain. It has forward earnings per share of $2.69. You notice that its
You are evaluating the stock price of Kroger, a grocery store chain. It has forward earnings per share of $2.69. You notice that its competitor Safeway has a P/E ratio of 13.6. What is a good estimate of Kroger's stock price? The stock price will be $ (Round to the nearest cent.)
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
