Question: Stewart Inc. ' s latest EPS was $ 3 . 5 0 , its book value per share was $ 2 2 . 7 5

Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 135,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding?
Select the correct answer.
a. $2,615,995
b. $2,616,760
c. $2,616,505
d. $2,616,250
e. $2,617,015

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