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A company has a beta of 1.5 and debt/equity ratio of 50%. Its current market value of equity is 500 crores. If the company takes

A company has a beta of 1.5 and debt/equity ratio of 50%. Its current market value of equity is 500 crores. If the company takes another 150 crores of debt, what will its new beta be? Assume tax rate is 30%.

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