Question: What is the correct answer and show the answer below? ABC Company has a levered beta of 1.36, its capital structure consists of 42% debt

What is the correct answer and show the answer below? ABC Company has a levered beta of 1.36, its capital structure consists of 42% debt and the remaining as equity, and its tax rate is 40%. What would the company's beta be if it used no debt? Round your answer to two decimal places of a whole number. (Hint: Use the Hamada equation.) ABC Company has a levered beta of 1.36, its capital structure consists of 42% debt and the remaining as equity, and its tax rate is 40%. What would the company's beta be if it used no debt? Round your answer to two decimal places of a whole number. (Hint: Use the Hamada equation.) a.0.95 b.1.03 c.1.01 d.0.97 e.0.99

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