If in 2009 Luther Has 10

question 43

Multiple Choice

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then using the market value of equity,the debt to equity ratio for Luther in 2009 is closest to:

• A)1.47
• B)1.78
• C)2.31
• D)4.07

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