Last year, Rec Room Sports reported earnings per share of $8.00 when its stock price was $160.00. 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.) Price of Stock?
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Last year, Rec Room Sports reported earnings per share of $8.00 when its stock price was $160. This year, its earnings increased by 20 percent.
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