Company A has 315,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 6.3 percent paid semiannually, and 9 years to maturity. The current YTM on the bonds is 6.5 percent. The company also has 9.5 million shares of stock outstanding, with a market price of $25 per share. What is the company's market value debt-equity ratio? , I need detail explanation for this question.