Last year, Rec Room Sports reported earnings per share of $ 8.50 when its stock price was

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Last year, Rec Room Sports reported earnings per share of $ 8.50 when its stock price was $ 212.50. 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? Explain.

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 02, 2015 06:00 AM

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Last year, Rec Room Sports reported earnings per share of $ 8.50 when its stock price was

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Fundamentals of Financial Accounting

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