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Jones Soda estimates that its cost of capital is 12.10 percent. You observe that the company's required retum on stock is 16.00 percent and the

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Jones Soda estimates that its cost of capital is 12.10 percent. You observe that the company's required retum on stock is 16.00 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. Numeric Response

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