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Memphic Memphic
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6 years ago
Luther Industries has a market capitalization of $23 billion, no debt, and $4 billion in cash.  If Luther's estimated equity beta is 1.32, then the beta of Luther's underlying business enterprise is closest to:
A) 1.09
B) 1.32
C) 1.48
D) 1.60
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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EgorGruzdevEgorGruzdev
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6 years ago
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