Question: What is a proxy beta? Multiple choice question. A beta of 1 , which is the market beta A beta determined by a firm's managers

What is a proxy beta?
Multiple choice question.
A beta of 1, which is the market beta
A beta determined by a firm's managers that will be applied to a new project
A value that is randomly assigned as the beta of a new project
A beta of another firm that is in a similar line of business as a new project

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