Consider the following airline industry data from$$ mid$-2009$: LOADING....

a$.$ Use the estimates in$$ table, LOADING...$,$ to estimate the debt beta for each firm$($use an average if multiple ratings are$$ listed$).$

b$.$ Estimate the asset beta for each firm.Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

c$.$ What is the average asset beta for the$$ industry, based on these$$ firms?Average Debt Betas by Rating and Maturity

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$