Multiple Choice
The Park Place has a return on assets of 13.7 percent,a cost of equity of 20 percent,and a pretax cost of debt of 7.1 percent.What is the debt-equity ratio? Ignore taxes.
A) 0.44
B) 0.47
C) 0.61
D) 0.88
E) 0.95
Correct Answer:
Verified
Correct Answer:
Verified
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