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Below is a finance 355 question please answer Question 1 Question 1 3 pts A firm is currently capitalized with $100 million in equity and

Below is a finance 355 question

please answer

Question 1

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Question 1 3 pts A firm is currently capitalized with $100 million in equity and $20 million in debt, and has a levered beta of 1.60. If the same firm raises an additional $30 million in debt to finance expansion, what would its new levered beta be?

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