Ang Enterprises has a levered beta of 1.10,its capital structure consists of 40% debt and 60% equity,and its tax rate is 40%.What would Ang's beta be if it used no debt,i.e.,what is its unlevered beta?
A)0.67
B)0.71
C)0.75
D)0.79

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The Answer of Ang Enterprises has a levered beta of 1.10,its capital structure consists of 40% debt and 60% equity,and its tax rate is 40%.What would Ang's beta be if it used no debt,i.e.,what is its unlevered beta?
A)0.67
B)0.71
C)0.75
D)0.79

Ang Enterprises Has a Levered Beta of 1