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What would the new? debt-to-equity ratio? be

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Problem 1: 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: EM132938154

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