Question: The Financial Sector - Work It Out Use the given data for Nordstrom to estimate the values for a comparable department store, Macy's. Nordstrom: Stock

The Financial Sector - Work It Out Use the given data for Nordstrom to estimate the values for a comparable department store, Macy's. Nordstrom: Stock price per share (July 2018) $50.71 Earnings per share (quarter ending July 2018) $0.97 Book value per share (quarter ending July 2018) $6.81 a. Macy's book value per share was $19.27. 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: $ H b. Macy's earnings per share was $0.54. 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: $

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