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Eugene Shoes has an asset beta of 1.5 and is all equity. The company consists of two divisions: shoes and athletics apparel. The apparel division

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Eugene Shoes has an asset beta of 1.5 and is all equity. The company consists of two divisions: shoes and athletics apparel. The apparel division has an asset beta of 2 and a discount rate of 15 percent. Both divisions are of equal value. What is the beta of the shoe division? O 0.5 01 1.5

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