A firm has a debt-equity ratio of .39. For every $1 in assets, how much money did

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A firm has a debt-equity ratio of .39. For every $1 in assets, how much money did the firm borrow (that is, how much of that $1 is financed with debt)?

A. 0.36

B. 0.28

C. 1.39

D. 1.56

E. .64

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Feb 15, 2024 02:59 AM

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A firm has a debt-equity ratio of .39. For every $1 in assets, how much money did

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The debtequity ratio is calculated as the ratio of debt to equity In this ... View the full answer

Fundamentals of Investments Valuation and Management

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