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Jones Soda estimates that its cost of capital is 11.00 percent. You observe that the company's required return on stock is 13.00 percent and the
Jones Soda estimates that its cost of capital is 11.00 percent. You observe that the company's required return on stock is 13.00 percent and the (after-tax) yield to maturity on its debt is 3.00 percent. What is the debt-to-equity ratio? Round your answer to two decimals.
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