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Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 135,000 shares outstanding, and its debt-to-assets ratio was 46%. How

Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 135,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding?

Select the correct answer.

a. $2,616,802

b. $2,616,526

c. $2,617,353

d. $2,617,077

e. $2,616,250

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