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29. If a firms equity multiplier is 1.667, what is the debt ratio? Assume only debt and common equity is used to finance the firm.

29. If a firms equity multiplier is 1.667, what is the debt ratio? Assume only debt and common equity is used to finance the firm. a. 40% b. 60% c. 50% d. 70% e. Cannot be determined without additional information

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