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You noticed a firm has an asset beta of 0.93. The risk-free rate is 4.5% and the market risk premium is 7.7%. Corporate tax rate
You noticed a firm has an asset beta of 0.93. The risk-free rate is 4.5% and the market risk premium is 7.7%. Corporate tax rate is 40%. What is the equity beta if the firm has a debt-equity ratio of 0.54 ? (Format and round to two decimals, for example: 0.70 )
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