Log in to ca.finance.yahoo.com and find the profile for Magna International (MGA). Construct the debt ratio, debt/(debt

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Log in to ca.finance.yahoo.com and find the profile for Magna International (MGA). Construct the debt ratio, debt/(debt + equity), for the firm. Now calculate Magna's debt ratio by using the market value of equity, but assuming that book value of debt approximates its market value. How does debt as a proportion of firm value change as you switch from book to market value?
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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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