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A firm currently has an asset beta of 0.7, an equity beta of 1, and a leverage of 67%. They plan to change their capital
A firm currently has an asset beta of 0.7, an equity beta of 1, and a leverage of 67%. They plan to change their capital structure to a new leverage of 31%. What will the asset beta be if the company does change its leverage?
Enter your answer rounded to 1 decimal
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