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Given Apple's has a market cap of $1.05T, $100b in debt and $150b in cash. Its equity beta is 1.20. Estimate the beta of Apple's
Given Apple's has a market cap of $1.05T, $100b in debt and $150b in cash. Its equity beta is 1.20. Estimate the beta of Apple's underlying business enterprise. [Hint: first, figure out Apple's Net Debt.]
- A. 1.24
- B. 1.25
- C. 1.26
- D. 1.27
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AI In The Financial Markets
Authors: Federico Cecconi
1st Edition
3031265173, 978-3031265174
