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Company C has an estimated beta of 1.5 and does not have any debt or other non-common equity financing. The company has 30% of

Company C has an estimated beta of 1.5 and does not have any debt or other non-common equity financing. The company has 30% of its total market value invested in marketable securities that have an estimated beta of 0.4 and are assumed to be excess assets. Estimate the unlevered beta for Company C's operations.

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