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

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Macrosoft Corp is planning to issue stocks and use the proceeds to retire debt. This is expected to reduce its debt to equity ratio from 70% to 40%. Its beta is currently 1.4 and the tax bracket is 34% What will happen to its beta after the restructuring of the balance sheet? Show all work

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