8 ON Consider the following information regarding corporate bonds Rating MA AA BBS CCC Avere Delauta 0.0W 0.14 0.2 22 S.SK 12.2 Recession Deficitate DON 1.0 3.0 30 16.04 4BON Average Beta 005 0.05 0.05 0.12 0.31 Luther ustres has a market capitulation af $27 billion, no dett, and 54 billion in cash. If Luther's estimated equity but is 1.32, then the beta of Luther underlying business enterprise is Please write your ann as a number with two decimal plan, write 12.341" as 1234" BOW 010 0126 1.09