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Company X has 2 million shares of common stock outstanding at a book value of $2 per share. The stock trades for $2.50 per share.

Company X has 2 million shares of common stock outstanding at a book value of $2 per share. The stock trades for $2.50 per share. It also has $2 million in face value of debt that trades at 90% of par. What is its ratio of debt to value for WACC purposes?

		26.47%
		28.62%
		31.08%
		33.33%

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