Apple Inc. (AAPL) has an estimated equity beta of 1.31 (Yahoo Finance) and we estimate its debt
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Question:
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.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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