Question: WSB Inc has common stock with a current market value of $301 million and a beta of 3. WSB also has bonds outstanding worth $726

WSB Inc has common stock with a current market value of $301 million and a beta of 3. WSB also has bonds outstanding worth $726 million trading in secondary markets that have a current YTM of 8.01%.

Assuming a world with no taxes and no bankruptcy, what is WSB's unlevered beta?

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