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After some work, I have found several comparable firms and calculated their asset betas. The average of those betas indicates an industry average asset beta

After some work, I have found several comparable firms and calculated their asset betas. The average of those betas indicates an industry average asset beta of .875. If my firm is all-equity financed, what is my firm's equity beta?

A) .875

B)

0.998

C)

21.42

D)

1.1

E)

0

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