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1.) Assume you want to find the equity beta of a private firm. Once you have identified a few comparable firms from the same industry,
1.) Assume you want to find the equity beta of a private firm. Once you have identified a few comparable firms from the same industry, you can un-level their equity beta and re-level based on this private firm's leverage to obtain this private firm's equity beta (bottom-up) beta.
A. True
B. False
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