A firm has a debt-equity ratio of .39. For every $1 in assets, how much money did
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Question:
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
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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