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Snail Companys unlevered beta is 1.20, the risk-free rate is 3.5 percent, and the market risk premium is 12 percent. Snail is a constant growth
Snail Companys unlevered beta is 1.20, the risk-free rate is 3.5 percent, and the market risk premium is 12 percent. Snail is a constant growth firm, which just paid a dividend of $2.00, sells for $50.00 per share, and has a growth rate of 7 percent. Snail company has a Debt to Equity Ratio of 0.50 and a marginal tax rate of 25%. What is Snail's levered beta? (Answer with 2 decimal
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