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What would its new debt-to-equity ratio be

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Question - A firm has assets of $270 million, of which $27 million is cash. It has debt of $108 million. If the firm were to repurchase $10.80 million of its stock, what would its new debt-to-equity ratio be?

A. 71.43?%

B. 142.86?%

C. 85.71?%

D. 35.71?%

Reference no: EM133038784

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