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(Chapters 11 and 13) The cost of equity for RJ Corporation is 9.21 percent and the firm's debt-equity ratio is 0.22. The market risk premium

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(Chapters 11 and 13) The cost of equity for RJ Corporation is 9.21 percent and the firm's debt-equity ratio is 0.22. The market risk premium is 6.6 percent and the risk-free rate is 3.8 percent. Assumption that the debt is risk-free (beta-0), what is the firm's asset beta? (Hint: First solve for equity beta and then asset beta. Choose closest answer if necessary 0.82 0.70 0.44 0.67

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