How much debt was outstanding
Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 215,000 shares outstanding, and its debt ratio was 46%. How much debt was outstanding?
a. $3,393,738
b. $3,572,356
c. $3,760,375
d. $3,958,289
e. $4,166,620
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