Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share...

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stockprice is $15 per share and it has 4.7 million shares outstanding.The firm's total capital is $135 million and it finances with onlydebt and common equity. What is its debt-to-capital ratio? Roundyour answer to two decimal places.
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The firms market value of equity to book value of equity ratio is 1 Therefore the Market Value of Equity is same as Book Value of Equity We can See Answer

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share...

70.2K

Verified Solution

Question

Finance

Kaye's Kitchenware has a market/book ratio equal to 1. Its stockprice is $15 per share and it has 4.7 million shares outstanding.The firm's total capital is $135 million and it finances with onlydebt and common equity. What is its debt-to-capital ratio? Roundyour answer to two decimal places.
%

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share...

70.2K

Verified Solution

Question

Finance

Kaye's Kitchenware has a market/book ratio equal to 1. Its stockprice is $15 per share and it has 4.7 million shares outstanding.The firm's total capital is $135 million and it finances with onlydebt and common equity. What is its debt-to-capital ratio? Roundyour answer to two decimal places.%

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stockprice is $15 per share and it has 4.7 million shares outstanding.The firm's total capital is $135 million and it finances with onlydebt and common equity. What is its debt-to-capital ratio? Roundyour answer to two decimal places.
%