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RJR Nabisco is considering spinning off its Food Division.The average beta of comparable traded firms is 0.95.The average Debt-Equity ratio is 35%.The division is expected

RJR Nabisco is considering spinning off its Food Division.The average beta of comparable traded firms is 0.95.The average Debt-Equity ratio is 35%.The division is expected to have a Debt ratio of 25%.The marginal corporate tax rate is 36%.Estimate the beta for the division by obtaining the beta of comparable traded firms.

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