17. The projected earnings per share for Risky Ventures, Inc., is . The average PE ratio for...

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17. The projected earnings per share for Risky Ventures, Inc., is . The average PE ratio for the industry composed of Risky Ventures’ closest competitors is 21. After careful analysis, you decide that Risky Ventures is a little more risky than average, so you decide a PE ratio of 23 better reflects the market’s perception of the firm. Estimate the current price of the firm’s stock.

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