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Edgehill, Incorporated, has 325,000 bonds outstanding The bonds have a par value of $1,000, a coupon rate of 6.7 percent paid semiannually, and 13 years
Edgehill, Incorporated, has 325,000 bonds outstanding The bonds have a par value of $1,000, a coupon rate of 6.7 percent paid semiannually, and 13 years to matiatiy. The current YTM on the bonds is 71 percent. The company also has 115 milion shaies of stock outstanding. with a market price of $16 per share. What is the company's marked value debt-equity ratio? (Do not round intermediate calculations and round your answer to 3 decimal ploces, e.g., 32161.)
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