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Macrosoft Corp is planning to issue debt and use the proceeds to repurchase stocks. This is expected to decrease its debt to equity ratio from

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Macrosoft Corp is planning to issue debt and use the proceeds to repurchase stocks. This is expected to decrease its debt to equity ratio from 80% to 50%. Its beta is currently 1.2 and the tax bracket is 21%. What will be its beta after the restructuring of the balance sheet? O 1.674 O 0.75 O 1.074 1.026 1.4 6 pts

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