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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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General finance

Transcribed Image Text:Last year, Rec Room Sports reported earnings per
share of $8.00 when its stock price was $160.00. 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?
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