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A firm has a debt-equity ratio of 0.60. What is the equity multiplier if total equity is $5,700? a. 0.40 b. 0.48 c. 1.40 d.

A firm has a debt-equity ratio of 0.60. What is the equity multiplier if total equity is $5,700? a. 0.40 b. 0.48 c. 1.40 d. 1.60

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