Merrimac brewing companys total assets equal 18 million the, Ask an Expert

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Merrimac Brewing company's total assets equal $18 million. The book value of Merrimac's equity is $6 million. The market value of Merrimac's equity is $10 million. It's Debt to Value ratio is .5. What is the book value of Merrimac's interest- bearing debt?

A) $5 million
B) $10 million
C) $15 million
D) $20 million

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Category:- Basic Finance
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