FIN3300SP24 has a market/book ratio equal to 1.  Its stock price is $10 per share and it has 4.5 million shares outstanding.  The firm's total capital is 110 million and it finances with only debt and common equity.  What is its debt-to-capital ratio? FIN3300SP24 has a market/book ratio equal to 1.  Its stock price is $10 per share and it has 4.5 million shares outstanding.  The firm's total capital is 110 million and it finances with only debt and common equity.  What is its debt-to-capital ratio? 144.44% 69.23% 40.91% 59.09%

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter14: Distributions To Shareholders: Dividends And Repurchases
Section: Chapter Questions
Problem 12P: Bayani Bakerys most recent FCF was 48 million; the FCF is expected to grow at a constant rate of 6%....
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FIN3300SP24 has a market/book ratio equal to 1.  Its stock price is $10 per share and it has 4.5 million shares outstanding.  The firm's total capital is 110 million and it finances with only debt and common equity.  What is its debt-to-capital ratio?

FIN3300SP24 has a market/book ratio equal to 1.  Its stock price is $10 per share and it has 4.5 million shares outstanding.  The firm's total capital is 110 million and it finances with only debt and common equity.  What is its debt-to-capital ratio?

144.44%

69.23%

40.91%

59.09%

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