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Consider the following airline industry data from mid-2009: a. Use the estimates in table, , to estimate the debt beta for each firm (use an

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Consider the following airline industry data from mid-2009: a. Use the estimates in table, , to 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? a. Use the estimates in table, , to estimate the debt beta for each firm (use an average if multiple ratings are listed). The beta of the debt for each company is: (Round to three decimal places.) b. Estimate the asset beta for each firm. The beta of the asset for each company is: (Round to three decimal places.) c. What is the average asset beta for the industry, based on these firms? The average asset beta for the industry is (Round to three decimal places.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)

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