a$.$ Macy's book value per share was $$19\mathrm{.}27.$ If Macy's has the same price$-$to$-$book value as Nordstrom, what is the value of Macy's stock?

Value of Macy's stock: $

b$.$ Macy's earnings per share was $$0\mathrm{.}54.$ If Macy's has the same price$-$to$-$earnings ratio as Nordstrom, what is the value of Macy's stock?

Value of Macy's stock: $

c$.$ The actual price of Macy's stock as of July $2018$ was $$36\mathrm{.}54.$

What does this imply about the valuation techniques considered in this problem?

Neither method yields a value within $25\%$ of the actual value.

The price$-$to$-$earnings method yields a value within $25\%$ of the actual value, whereas the price$-$to$-$book method yields a value that exceeds $25\%$ of the actual value.

Both methods yield a value within $25\%$ of the actual value.

The price$-$to$-$book method yields a value within $25\%$ of the actual value, whereas the price$-$to$-$earnings method yields a value that exceeds $25\%$ of the actual value.