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A firm has an equity beta of 1.2, the risk free rate return is 3.4%, the market return is 15.7% and the pretax cost of

A firm has an equity beta of 1.2, the risk free rate return is 3.4%, the market return is 15.7% and the pretax cost of debt is 9.4%. The debt-equity ratio is 0.47. If you apply the common beta assumptions, what is the firm asset beta?

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