What is the firm market value leverage ratio

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A firm has the following book-value balance sheet: Debt =$ 5,000, Common Stock ($1 par)= 655 and Retained Earnings = $ 29,000. The book value of assets is the total of Debt, Common Stock and Retained Earnings. The firm's bonds are currently selling for $ 947 and the firm's stock is currently selling for $47. What is the firm's market value leverage ratio? Show your answer to the nearest 1%, but do not use the % sign. Write your answer as whole numbers rather than decimals, thus do not write 502 or 50.2%, but rather write 50.2.

Reference no: EM131599563

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