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Company A has a debt to equity ratio of 0.27 and a tax rate of 30%. The covariance between Company A's historical stock returns and
Company A has a debt to equity ratio of 0.27 and a tax rate of 30%. The covariance between Company A's historical stock returns and the S&P 500's historical stock returns, divided by the variance of the S&P 500's historical stock returns, is 0.98. What is Company A's asset beta?
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