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5. Morgan Entertainment has a levered beta of 1.45. The firm's capital structure consists of 38% debt and 62% equity and it has a corporate
5. Morgan Entertainment has a levered beta of 1.45. The firm's capital structure consists of 38% debt and 62% equity and it has a corporate tax rate of 35%. What is Morgan's unlevered beta? (HINT: use the Hamada equation)
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