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Chisel Corporation has 2.065 million shares outstanding at a price per share of $4.76. If the debt-to-equity ratio is 1.17 and total book value of
Chisel Corporation has 2.065 million shares outstanding at a price per share of $4.76. If the debt-to-equity ratio is 1.17 and total book value of debt equals $12,349,000, what is the market-to-book ratio for Chisel Corporation? (Round answer to 2 decimal places, e.g.12.25.)
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