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Consider the following information regarding corporate bonds: Galt Industries has a market capitalization of $50 billion, $30 billion in BBB rated debt, and $8 billion

Consider the following information regarding corporate bonds: image text in transcribed Galt Industries has a market capitalization of $50 billion, $30 billion in BBB rated debt, and $8 billion in cash. If Galt's equity beta is 1.15, then Galt's underlying asset beta is closest to:

Group of answer choices

0.83

0.92

1.00

1.15

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