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Goodyear Trucking Inc. has 582 million of common shares outstanding. The book value per share is $15.35 and the current market price is $65 per
Goodyear Trucking Inc. has 582 million of common shares outstanding. The book value per share is $15.35 and the current market price is $65 per share. Goodyear has $15 billion in long-term debt which is currently selling at par value.
A.) What is Goodyears book debt-to-value ratio? (0.5 point)
B.) What is its market debt-to-value ratio? (0.5 point)
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