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If the industry average beta is 1.9 and the industry average debt-to-equity ratio is 1.5, what is the de-levered (or asset) beta? You can assume

If the industry average beta is 1.9 and the industry average debt-to-equity ratio is 1.5, what is the de-levered (or asset) beta? You can assume a tax rate of 21%
1. 1.41
2. 1.60
3. 2.26
4. 1.84

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