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Business, 14.07.2019 16:30 blackjack73

Afirm has current assets that could be sold for their book value of $10 million. the book value of its fixed assets is $60 million, but they could be sold for $90 million today. the firm has total debt with a book value of $40 million, but interest rate declines have caused the market value of the debt to increase to $50 million. what is the firm's market-to-book ratio

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