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Afrox has equity with a market value of N$20 million and debt with a market value of N$10 million. Treasury bills that mature in one

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Afrox has equity with a market value of N$20 million and debt with a market value of N$10 million. Treasury bills that mature in one year yield 8% per year, and the expected return on the market portfolio over the next year is 18%. The beta of Afrox's equity is 0.90. The firm pays no taxes. What is Afrox's debt to equity ratio to 2 decimal places

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