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FINA is considering starting a new division in the food industry. There are three pure plays in this industry. The tax rate of all firms
FINA is considering starting a new division in the food industry. There are three pure plays in this industry. The tax rate of all firms is The Beta, asset value, and DE ratios of the three pure plays are given in the following table. The cost of debt is The target DE ratio of this new division is What is the Beta of this new division?
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