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Suppose that the beta of Coca-Cola's common stock is 0.84 and the firm's current debt-to-equity ratio is 0.28. Assuming that Coca-Cola's debt is risk free,

Suppose that the beta of Coca-Cola's common stock is 0.84 and the firm's current debt-to-equity ratio is 0.28. Assuming that Coca-Cola's debt is risk free, estimate the beta of it's common stock if Coca-Cola changes it's debt-to-equity ratio to 0.45. Round your final answer to two decimals.

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