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Harrison Holdings, Inc. (HH) is publicly traded, with a current share price of $31 per share. HHI has 29 million shares outstanding. as well as

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Harrison Holdings, Inc. (HH) is publicly traded, with a current share price of $31 per share. HHI has 29 million shares outstanding. as well as S69 million in debt. The founder of HHI, Harry Harrison, made his fortune in the fast food business. He sold off part of his ast food ernpire and purchased a professional hockey eam. HHI's only assets are the hockey team, t ther with 50% of the outstanding shares o Harrys Hotdogs restaurant chair! Harry s Hotdogs HDG has a market capitalization of $874 million, and an enterprise value of S1.08 billion. After a little research, you decide to estimate the beta of both fis debt as zero. Finly, you do investment in the hockey team. find that the average asaet beta of other fast food restaurant chains is 0.76. You also find that the debt of HHl and HDG is highly rated, and so you a egression analysis on HHl's historical stock returns in comparison to the S&P 500, and estimate an equily beta of 1.31. Givern this information, esimate the beta of HHI's HHI's asset beta is(Round to two decimal places.)

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