Amazon and Macys are retailers. At one point in 2022, Amazon had a price of ($108.68) and
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Amazon and Macy’s are retailers. At one point in 2022, Amazon had a price of \($108.68\) and forward earnings per share of \($2.26.\) Macy’s had a price of \($18.27\) and forward earnings per share of \($4.13.\) Calculate their forward P/E ratios and explain the difference.
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PLAN We can calculate their PE ratios by dividing each companys p...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780137852581
6th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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