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Hartman Motors has $12 million in assets, which were financed with $4 million of debt and $8 million in equity. Hartman's beta is currently
Hartman Motors has $12 million in assets, which were financed with $4 million of debt and $8 million in equity. Hartman's beta is currently 0.85, and its tax rate is 40%. Use the Hamada equation to find Hartman's unlevered beta, bu. Do not round intermediate calculations. Round your answer to two decimal places.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
