The Following Are the Book Values of a Firm's Debt

question 17

Multiple Choice

The following are the book values of a firm's debt as reported in its recent quarterly and annual reports: If it is now April 2008, what would be a good debt number to use if you are using this firm's
Debt to calculate a comparable market-value-of-equity/book-value-of-debt ratio?

• A)$3,869
• B)$1,217
• C)$924
• D)$3,789

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