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ABC Company has a levered beta of 1.22, its capital structure consists of 36% debt and the remaining as equity, and its tax rate is

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ABC Company has a levered beta of 1.22, its capital structure consists of 36% 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.) O 0.95 0.88 O 0.99 0.84 O 0.91

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