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Consider the following airline industry data from mid-2009 a. Use the estimates in tableto estimate the debt beta for each firm (use an average if

Consider the following airline industry data from mid-2009

a. Use the estimates in tableto estimate the debt beta for each firm (use an average if multiple ratings are listed).

b. Estimate the asset beta for each firm.

c. What is the average asset beta for the industry, based on these firms?

The average asset beta for the industry is ____

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