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Globo-Chem Co. is an all-equity firm, and it has a beta of 1. It is considering changing its capital structure to 60% equity and 40%

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Globo-Chem Co. is an all-equity firm, and it has a beta of 1. It is considering changing its capital structure to 60% equity and 40% debt. The firm's cost of debt will be 6%, and it will face a tax rate of 35%. What will Globo-Chem Co.'s beta be if it decides to make this change in its capital structure

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