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Intro A company has a market value of equity of $300 million and $180 mllion in debt. Its equity beta is 1.5 and its debt

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Intro A company has a market value of equity of $300 million and $180 mllion in debt. Its equity beta is 1.5 and its debt is considered risk free. Ignore taxes. Part 1 Attempt 1/1 for 10pt What is the company's asset beta? Part 2 Attempt 1/1 for 10pt If the company borrows an additional $80 million and uses the proceeds to repurchase its shares, what is the new equity beta

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