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A firm has current assets that could be sold for their book value of $10 million. The book value of its fixed assets is $60
A firm has current assets that could be sold for their book value of $10 million. The book value of its fixed assets is $60 million, but they could be sold for $95 million today. The firm has total debt at a book value of $40 million, but interest rate changes have increased the value of the debt to a current market value of $50 million.What is the market to book ratio?
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