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Wishbone Inc. has a capital structure consisting of $100M of debt and $300M of equity. The cost of debt is 6%. The equity beta is

Wishbone Inc. has a capital structure consisting of $100M of debt and $300M of equity. The cost of debt is 6%. The equity beta is 1.2, the expected market return is 15% and the risk-free rate is 5%. Find the beta of debt."

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