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Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 120,000 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 120,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding?

Select the correct answer.

a. $2,325,556

b. $2,326,862

c. $2,326,535

d. $2,325,882

e. $2,326,209

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