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Big Bass Sound(BBS) is a thriving musicbusiness. You would like to understand the market risk of BBSand are looking to find itsBeta of the Assets.
Big Bass Sound(BBS) is a thriving musicbusiness. You would like to understand the market risk of BBSand are looking to find itsBeta of the Assets. BBS'Beta of Equity is2.9, the beta of debt is0.4, andthe tax rate is 27%. BBS has 705 in debt outstanding and a market value ofequity of 594,what is the Beta of Assets? (please show at least two decimal places)
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