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Genting Berhad is a Malaysian conglomerate with holdings in plantations and tourist resorts. The beta estimated for the firm relative to the Malaysian stock exchange

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Genting Berhad is a Malaysian conglomerate with holdings in plantations and tourist resorts. The beta estimated for the firm relative to the Malaysian stock exchange is 1.15, and the long-term government borrowing rate in Malaysia is 11.5%. (The Malaysian risk premium is 12% and the default spread on Malaysian local currency debt is 2%.) a. Estimate the expected return on che stock. b. If you were an international investor, what concerns, if any, would you have about using the beta estimated relative to the Malaysian Index? If you do have concerns, how would you modify the beta

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