What is likely to be the price of the stock

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Question 1: Last year, Rec Room Sports reported earnings per share of $9.50 when its stock price was $332.50. This year, its earnings increased by 20 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.)

 

Reference no: EM132503450

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