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Currently, Bloom Flowers Inc. has a capital structure consisting of 20% debt and 80% equity. Blooms debt currently has an 7.6% yield to maturity. The

Currently, Bloom Flowers Inc. has a capital structure consisting of 20% debt and 80% equity. Blooms debt currently has an 7.6% yield to maturity. The risk-free rate (rRF) is 2.7%, and the market risk premium (rM rRF) is 5.7%. Using the CAPM, Bloom estimates that its cost of equity is currently 10.4%. The company has a 37% tax rate. What would Blooms beta be if the company had no debt in its capital structure? (That is, what is Blooms unlevered beta, bU?) Leave unrounded/4 decimal places at least when possible

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