Apple Inc. (AAPL) has an estimated equity beta of 1.31 (Yahoo Finance) and we estimate its debt beta at zero. Its 10-Q financial report for the 3 months ended July 1, 2023, is available at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019323000077/aapl - 20230701.htm

Using the 10-Q report and stock price data from Yahoo Finance:

a) Calculate the market capitalization of Apple on September 30, 2023.

b) Calculate the enterprise value of Apple on September 30, 2023. Include Commercial Paper (short-term debt) in the debt amount.

c) Calculate the unlevered (asset) beta (BU) of Apple on September 30, 2023.

Answer rating: 100% (QA)

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