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A firm has current assets that could be sold for their book value of $100 million. The book value of its fixed assets is $600

A firm has current assets that could be sold for their book value of $100 million. The book value of its fixed assets is $600 million, but they could be sold for $950 million today. The firm has total debt at a book value of $400 million, but interest rate changes have increased the value of the debt to a current market value of $500 million. What it is the market-to-book ratio?

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