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Charlie Corp. has $ 1 1 million of outstanding debt. Its EBIT is $ 6 million per year. Based on the following data for rated

Charlie Corp. has $

11

million of outstanding debt. Its EBIT is $

6

million per year. Based on the following data for rated firms in the same industry, estimate Charlie's credit rating.

.

.

AAA

.

less than BBB

.

.

BBB

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