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24. Biggers Bikes, is a public company that operates a large chain of scooter stores. The company has debt of $25.0M on its books, and

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24. Biggers Bikes, is a public company that operates a large chain of scooter stores. The company has debt of $25.0M on its books, and its market cap., is currently $75.0M. The company pays taxes at a rate of 20.0%. You have used the returns and returns on the SP500 Index and have estimated the beta of Biggers's is 1.10. What is the asset beta of Biggers Bikes? (4 points)

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