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Fiore Foods has a capital structure of 45% debt and 55% equity, its tax rate is 40%, and its levered beta is 1.20. Based on

Fiore Foods has a capital structure of 45% debt and 55% equity, its tax rate is 40%, and its levered beta is 1.20. Based on the Hamada equation, what would the firm's beta be if it used no debt, i.e., what is its unlevered beta, b_u

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