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Frusciante, Inc. has 315,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 6.3 percent paid semiannually, and 9 years

Frusciante, Inc. has 315,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 6.3 percent paid semiannually, and 9 years to maturity. The current YTM on the bonds is 6.5 percent. The company also has 9.5 million shares of stock outstanding, with a market price of $25 per share. What is the companys market value debtequity ratio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

what is the Debtequitiy ratio__________________________ times

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