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Home Corporation has interest-bearing debt with a market value of $65 million. The company also has 2.1 million shares that sell for $43 per share.
Home Corporation has interest-bearing debt with a market value of $65 million. The company also has 2.1 million shares that sell for $43 per share. What is the debt-equity ratio for this company based on market values? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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