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Edgehill, Inc. has 305,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 6.2 percent paid semiannually, and 9 years

Edgehill, Inc. has 305,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 6.2 percent paid semiannually, and 9 years to maturity. The current YTM on the bonds is 5.7 percent. The company also has 10.5 million shares of stock outstanding, with a market price of $19 per share. What is the companys market value debt-equity ratio?

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