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ABC Company has a levered beta of 1.21, its capital structure consists of 42% debt and the remaining as equity, and its tax rate is

ABC Company has a levered beta of 1.21, its capital structure consists of 42% debt and the remaining as equity, and its tax rate is 40%. What would the company's beta be if it used no debt? Round your answer to two decimal places of a whole number. (Hint: Use the Hamada equation.) Group of answer choices 0.84 0.81 0.91 0.88 0.94

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