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A firm has a debt-equity ratio of .39. For every $1 in assets, how much money did the firm borrow (that is, how much of

A firm has a debt-equity ratio of .39. For every $1 in assets, how much money did the firm borrow (that is, how much of that $1 is financed with debt)?

A. 0.36

B. 0.28

C. 1.39

D. 1.56

E. .64

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