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Edgehill, Incorporated, has 3 5 5 , 0 0 0 bonds outstanding. The bonds have a par value of $ 1 . 0 0 0

Edgehill, Incorporated, has 355,000 bonds outstanding. The bonds have a par value of $1.000, a coupon rate of 5.4 percent paid semiannually, and 27 vears to maturity. The current YTM on the bonds is 4.6 percent. The company also has 11 million shares of stock outstanding, with a market price of $76 per share. What is the company's market value debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)Debt-equity ratio

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