Last year, Rec Room Sports reported earnings per share of $7.80 when its stock price...
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Accounting
Last year, Rec Room Sports reported earnings per share of $7.80 when its stock price was $140.40. This year, its earnings increased by 25 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.)
Price of the Stock=
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