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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 $3.37 and a P/E ratio of 11.52

Problem 8-14 P/E Ratio and Stock Price (LG8-7) JP Morgan Chase Co. (JPM) has earnings per share of $3.37 and a P/E ratio of 11.52 . What is the price of the stock? (Round your answer to 2 decimal places.)

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