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BC Corp. has 2 0 million shares of common stock outstanding with a current share price of $ 2 0 and a book value of

BC Corp. has 20 million shares of common stock outstanding with a current share price of $20 and a book value of $14 per share. The company also has one bond issue outstanding. This bond issue has a face value of $100 million, a coupon rate of 8 percent, sells for 115 percent of par, and matures in 20 years. This bond makes semiannual coupon payments. What is the company's market value debt/equity ratio?
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