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Kayes Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 5.5 million shares outstanding. The firms

Kayes Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 5.5 million shares outstanding. The firms total capital is $135 million and it finances with only debt and common equity. What is its debt-to-capital ratio? %

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