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A stock's unlevered beta, or asset beta, is an estimate of what the risk of the stock would be if it did not have any

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A stock's unlevered beta, or asset beta, is an estimate of what the risk of the stock would be if it did not have any debt the unsystematic risk of the stock the risk prenium on the stock above the risk-free rate the likely recovery from liquidating the firm's assets in a Chapter 11 bankruptcy proceecing

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