How much debt was outstanding

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Question 1: Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 102,500 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding?

Select the correct answer.

Option a. $1,987,148

Option b. $1,986,044

Option c. $1,985,676

Option d. $1,986,780

Option e. $1,986,412

Reference no: EM132484926

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