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If in 2009 Luther Has 10

Question 43

Multiple Choice

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then using the market value of equity,the debt to equity ratio for Luther in 2009 is closest to:


A) 1.47
B) 1.78
C) 2.31
D) 4.07

Correct Answer:

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