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Jones Soda estimates that its cost of capital is 6.50 percent. You observe that the company's required return on stock is 11.00 percent and the

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Jones Soda estimates that its cost of capital is 6.50 percent. You observe that the company's required return on stock is 11.00 percent and the (after-tax) yield to maturity on its debt is 2.00 percent. What is the debt-to-equily ratio? Round your answer to two decimals. Numeric Responte

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