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A firm has an asset beta of 1.7. The firm is financed with 14% debt and the remainder equity. The firm's debt beta is 0.1.

A firm has an asset beta of 1.7. The firm is financed with 14% debt and the remainder equity.

The firm's debt beta is 0.1. What is the firm's equity beta? Give your answer to the closest 0.01.

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