Question: Provide correct option accounting question Last year, Summit Energy reported earnings per share (EPS) of $7.25, and its stock price was $145.00. This year, its

Provide correct option accounting question

Last year, Summit Energy reported earnings per share (EPS) of $7.25, and its stock price was $145.00. This year, its earnings increased by 10%. If the P/E ratio remains constant, what is likely to be the price of the stock? a) $158.50 b) $161.00 c) $152.00 d) $159.50

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