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Problem 15-5 Financial Leverage Home Corporation has interest-bearing debt with a market value of $67.9 million. The company also has 2.4 million shares that sell
Problem 15-5 Financial Leverage Home Corporation has interest-bearing debt with a market value of $67.9 million. The company also has 2.4 million shares that sell for $27 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 3 decimal places, e.g., 32.161.)
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