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11) The earnings per share of Greater-Fool-Theory (GFT), a cryptocurrency exchange, are $6. The median P/E ratio in the cryptocurrency exchange sector (excluding GFT) is

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11) The earnings per share of Greater-Fool-Theory (GFT), a cryptocurrency exchange, are $6. The median P/E ratio in the cryptocurrency exchange sector (excluding GFT) is 80. a. If GFT has 20,000 shares outstanding, estimate the value of its equity. b. How would the P/E ratio in the cryptocurrency exchange sector change (increase, decrease, or stay the same) if the sector's growth prospects declined (i.e., if expectations of future growth are lower)? Please explain your answer for full credit

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