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You notice that Coca-Cola has a stock price of $40.63 and EPS of $1.99. Its competitor PepsiCo has EPS of $3.48. But, Jones Soda, a

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You notice that Coca-Cola has a stock price of $40.63 and EPS of $1.99. Its competitor PepsiCo has EPS of $3.48. But, Jones Soda, a small batch Seattle-based soda producer has a P/E ratio of 33.6. Based on this information, what is one estimate of the value of a share of PepsiCo stock? One share of PepsiCo stock is valued at $ . (Round to the nearest cent.)

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