A company is in a 36% tax bracket, has a total capital structure break down of 40%
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Question:
A company is in a 36% tax bracket, has a total capital structure break down of 40% riskless debt and 60% equity, and the beta of the equity is 1.4. The asset/unlevered beta is:
A. 0.98
B. 1.22
C. 1.40
D. 1.11
E. 1.26
Expert Answer:
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