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Suppose a firm's business operations are such that they mirror movements in the economy as a whole very closely; that is, the firm's asset beta

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Suppose a firm's business operations are such that they mirror movements in the economy as a whole very closely; that is, the firm's asset beta is 1. Find the equity beta for this firm for debt-equity ratios of O, 1.2, 6, and 23. (Do not round intermediate calculations. Round your answers to 1 decimal place, e.g., 32.1.) Debt-Equity Ratio Equity Beta 0 1.2 6 23

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