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Hoya Incorporated has the following market value balance sheet Assets: $761 million Debt: $419 million Common Stock: ???????? You know that the beta of the

Hoya Incorporated has the following market value balance sheet

Assets: $761 million

Debt: $419 million

Common Stock: ????????

You know that the beta of the debt is 0.14 and the beta of the common stocks 0.66. Assume that all of the firm's assets have identical risk. What is the beta of Hoya's assets? Answer to 2 decimal places.

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