Galt Industries has no debt, total equity capitalization of $600 million, and an equity beta of 1.2. Included in Galt's assets is $90 million in cash and risk-free securities. Assume the risk-free rate is 4% and the market risk premium is 6%. Galt's asset beta is closest t ?

Answer rating: 100% (QA)

my solution is as shown below Galts asset beta is calculated as follows a ... View the full answer