Question: A property purchase will partially be financed by a loan. The debt-to equity ratio applied is of 3.0. How much (%) will the down payment

A property purchase will partially be financed by a loan. The debt-to equity ratio applied is of 3.0. How much (%) will the down payment be?

a) 25%

b) 66.67%

c) 20%

d) Impossible to calculate

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