Pet store business-what is the beta of assets

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Reference no: EM13883193

Katy's Kitten Emporium (KKE) is a thriving pet store business. You would like to understand the market risk of the KKE and are looking to find its Beta of the Assets. KKE's Beta of Equity is 1.7, the beta of debt is 0.2, and the tax rate is 29%. If KKE is financed 51% by equity, what is the Beta of Assets? (Please show at least two decimal places)

Reference no: EM13883193

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