Question: 8. In June 2009, Apple Computer had no debt, total equity capitalization of $128 billion, and an equity beta of 1.7 (as reported on Google

8. In June 2009, Apple Computer had no debt, total equity capitalization of $128 billion, and an equity beta of 1.7 (as reported on Google Finance). Included in Apple's assets was $25 billion in cash and risk-free securities. Assume that the risk-free rate of interest is 5% and the marke risk premium is 4%. a. What was Apple's enterprise value? b. What was the beta of Apple's business assets? c. What was Apple's WACC
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
