Use the given data for Nordstrom to estimate the values for a comparable department store, Macy's Nordstrom:

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Stock price per share $($ July $2015)$

$ $50.71$

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?

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Essentials of Business Analytics

ISBN: 978-1285187273

1st edition

Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams

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Posted Date: Jan 24, 2024 02:41 AM

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Use the given data for Nordstrom to estimate the values for a comparable department store, Macy's Nordstrom:

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Essentials of Business Analytics

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