Question: Currently ABM Corp beta is 0 . 4 6 . The market value of equity is $ 5 0 0 M , and the market

Currently ABM Corp beta is 0.46. The market value of equity is $500M, and the market value of debt is 800M. The company is considering repurchasing its equity for $20M and borrowing $20M. Estimate unleveraged beta if the company pays 18% taxes on its profits.
Group of answer choices
0.20
0.31
0.40
0.47

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