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eBook 目 Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.6 million shares outstanding. The firm's total capital is $125 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. %

eBook 目 Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.6 million shares outstanding. The firm's total capital is $125 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. %

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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eBook 目 Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.6 million shares outstanding. The firm's total capital is $125 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. %
Transcribed Image Text:eBook 目 Problem Walk-Through Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.6 million shares outstanding. The firm's total capital is $125 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places. %
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