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What would new debt-to-equity ratio be

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Reference no: EM132750359

Problem 1: Kodrake Inc. has assets of $275 million, of which $25 million is cash. It has debt of $100 million. If Kodrake were to repurchase $20 million of its stock, what would its new debt-to-equity ratio be?

a)  80%

b) 71.4%

c) 64.5%

d) 20%

e) 30%

Reference no: EM132750359

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