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The cost of equity for ANAD Corporation is 8.4 percent and the debt-equity ratio is 0.6. The expected return on the market is 10.4 percent

The cost of equity for ANAD Corporation is 8.4 percent and the debt-equity ratio is 0.6. The expected return on the market is 10.4 percent and the risk-free rate is 3.8 percent.

Using the common assumption for the debt beta, what is the asset beta of ANAD Corporation?

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