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HE LLC has a debt-to-capital ratio of 10%, and its capital structure consists of debt and common stock only. The firm's levered beta is 1.6,
HE LLC has a debt-to-capital ratio of 10%, and its capital structure consists of debt and common stock only. The firm's levered beta is 1.6, the tax rate is 30%, and the risk-free rate is 1.2%. Calculate the firm's unlevered beta. Round your final answer to the nearest tenth, e.g. 5.63 --> 5.6, 5.58 --> 5.6
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