Question
eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.9 million shares
eBook Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.9 million shares outstanding. The firm's total capital is $110 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places.
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
