JP Morgan Chase Co. (JPM) has earnings per share of $3.39 and a P/E ratio of 11.62. What is the price of the stock? (Round your answer to 2 decimal places.)

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
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Financial Accounting

JP Morgan Chase Co. (JPM) has earnings per
share of $3.39 and a P/E ratio of 11.62. What is
the price of the stock? (Round your answer to 2
decimal places.)
Transcribed Image Text:JP Morgan Chase Co. (JPM) has earnings per share of $3.39 and a P/E ratio of 11.62. What is the price of the stock? (Round your answer to 2 decimal places.)
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