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Banisters is valued at $8.6 million and has debt of $2.1 million outstanding. The unlevered firm beta is 1.72, the debt beta is zero, and

Banisters is valued at $8.6 million and has debt of $2.1 million outstanding. The unlevered firm beta is 1.72, the debt beta is zero, and the tax rate is 34 percent. What is the levered equity beta?

		.86
		1.18
		2.09
		1.98
		1.30

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