Problem 8-14 P/E Ratio and Stock Price (LG8-7) JP Morgan Chase Co. (JPM) has earnings per share of $3.31 and a P/E ratio of 11.22. What is the price of the stock? (Round your answer to 2 decimal places.)

Problem 8-14 P/E Ratio and Stock Price (LG8-7) JP Morgan Chase Co. (JPM) has earnings per share of $3.31 and a P/E ratio of 11.22. What is the price of the stock? (Round your answer to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Problem 8-14 P/E Ratio and Stock Price (LG8-7)

JP Morgan Chase Co. (JPM) has earnings per share of $3.31 and a P/E ratio of 11.22.

What is the price of the stock? (Round your answer to 2 decimal places.)

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