Question: Logan Corp is currently trading for $57.43 per share and recently reported $2.61 earnings per share. In two years, you expect the price to be

Logan Corp is currently trading for $57.43 per share and recently reported $2.61 earnings per share. In two years, you expect the price to be $55.93 and the earnings per share to be $2.66. What is the implied change in the P/E ratio given your forecast? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)

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