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

PriceofStock=EarningsPerShare(EPS)×Price−to−Earnings(P/E)RatioGiven:EPS = $3.39P/E Ratio =…

Answered: JP Morgan Chase Co. (JPM) has earnings…

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

Problem 2MAD

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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.)