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Q) A company has 400,000 shares outstanding at a market price of $6 each. The company also has 20,000 bonds outstanding each with a face

Q) A company has 400,000 shares outstanding at a market price of $6 each. The company also has 20,000 bonds outstanding each with a face value of $100, and a market price of $113.What is the firm's equity ratio?

a. 0.515 b. 0.545 c. 1.062 d. 0.485

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