Question
Arnold Hesser estimated the beta for United Technologies (UTX) using historical data for the last 60 months. His estimate was a beta of 1.27. Arnold
Arnold Hesser estimated the beta for United Technologies (UTX) using historical data for the last 60 months. His estimate was a beta of 1.27. Arnold then uses an adjusted beta (as recommended in the book) as his forecasted beta. The adjusted beta should be:
| A. | 1.18. | |
| B. | 1.50. | |
| C. | 0.94. | |
| D. | 1.09. |
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
