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A firm has current assets that could be sold for their book value of $2000000. The book value of its fixed assets is $6000000, but
A firm has current assets that could be sold for their book value of $2000000. The book value of its fixed assets is $6000000, but they could be sold for $6000000 today. The firm has total debt at a book value of $2500000, but interest rate changes have increased the value of the debt to a current market value of $3000000. This firm's equity market-to-book ratio is ________. "
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