The company also has 23 million shares that sell for 28 per, Financial Management

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The company also has 23 million shares that sell for 28 per

Kiedis Corp. has interest bearing debt with a market value of $67.1 million. The company also has 2.3 million shares that sell for $28 per share. What is the debt–equity ratio for this company based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Debt–equity ratio

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