Consider the following airline industry data from mid-2009: a. Use the estimates in Table 12.3 to estimate

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Consider the following airline industry data from mid-2009:

Consider the following airline industry data from mid-2009:  .:.

a. Use the estimates in Table 12.3 to estimate the debt beta for each firm (use an average if multiple ratings are listed).
b. Estimate the asset beta for each firm.
c. What is the average asset beta for the industry, based on thesefirms?

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Corporate Finance

ISBN: 978-0133097894

3rd edition

Authors: Jonathan Berk and Peter DeMarzo

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