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Consider the following information regarding corporate bonds: Rating AAA AA A BBB BB B CCC Average Beta 0.05 0.05 0.05 0.1 0.17 0.26 0.31 Galt

Consider the following information regarding corporate bonds:
Rating AAA AA A BBB BB B CCC
Average Beta 0.05 0.05 0.05 0.1 0.17 0.26 0.31
Galt Industries has a market capitalization of $50 billion, $30 billion in BBB rated debt, and $8 billion in excess cash. If Galt's equity beta is 1.15, then what is the beta of Galt's underlying business enterprise?

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