Question: Question 17 0.8 pts The market value of a firm's equity is $25 million and the market value of its debt is $12 million. The

Question 17 0.8 pts The market value of a firm's equity is $25 million and the market value of its debt is $12 million. The equity beta is 1.1 and the beta of the firm's debt is 0.3. What is the firm's asset beta? Round your answer to the nearest hundredth. O 1.10 0.84 0.81 O 0.70

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