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This year its earnings increased by 20 percent if the pe

Question - Last year, Rec Room Sports reported earnings per share of $8.90 when its stock price was $258.10. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.)

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Accounting Basics: This year its earnings increased by 20 percent if the pe

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