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Meyer Inc's assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt/assets ratio of 55%. The size of the firm does not change. How much debt must the company add or subtract to achieve the target debt ratio?
Interest
The charge for borrowing money, typically expressed as an annual percentage rate.
Debt Investments
Financial instruments that represent a loan made by an investor to a borrower, typically used by corporations, municipalities, and sovereign governments to finance projects and operations.
Return
The payment to an investor for the use of funds. Usually expressed as a percent of the investment.
Electronic Exchange
Electronic exchange refers to a trading platform or marketplace that operates electronically, facilitating the buying and selling of securities, commodities, or other financial instruments digitally.
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