Luther Industries has a market capitalization of $23 bil' no debt, and $4 billion in cash. Luther's

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Luther Industries has a market capitalization of $23 bil' no debt, and $4 billion in cash. Luther's estimated equity beta is
1.32. What is the beta of Luther's underlying business enterprise?

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Corporate Finance

ISBN: 978-0134083278

4th edition

Authors: Jonathan Berk, Peter DeMarzo

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Posted Date: Apr 26, 2024 01:59 AM

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Luther Industries has a market capitalization of $23 bil' no debt, and $4 billion in cash. Luther's

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Expert Answer:

To find the beta of Luthers underlying business enterprise we first need to adjust the equi... View the full answer

Corporate Finance

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