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JACK LLC and KEWEI Holdings are nearly identical in every way, expect JACK LLC is financed with 75% debt and KEWEI Holdings is financed with

JACK LLC and KEWEI Holdings are nearly identical in every way, expect JACK LLC is financed with 75% debt and KEWEI Holdings is financed with 75% equity. We would expect that JACK LLC will have a higher equity beta than KEWEI Holdings. True or False?

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