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QUESTION 3 Last Year, a corporation had a book value of equity of $100 million of USDs, 2 million shares outstanding, and a market price
QUESTION 3 "Last Year, a corporation had a book value of equity of $100 million of USDs, 2 million shares outstanding, and a market price of $23 per share. The corporation also had cash of $7 million of USDs, and total debt of $200 million USDs. What was the corporation's book debt-equity ratio? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer; or if the answer is $500,000 write enter 500000 as an answer.
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