Big bass sound is thriving music business

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Big Bass Sound (BBS) is a thriving music business. You would like to understand the market risk of BBS and are looking to find its Beta of the Assets. BBS' Beta of Equity is 3.9, the beta of debt is 0.4, and the tax rate is 34%. BBS has 273 in debt outstanding and a market value of equity of 547, what is the Beta of Assets? (Please show at least two decimal places)

Reference no: EM13880136

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