Question
Hartman Motors has $14 million in assets, which were financed with $7 million of debt and $7 million in equity. Hartman's beta is currently 0.65,
Hartman Motors has $14 million in assets, which were financed with $7 million of debt and $7 million in equity. Hartman's beta is currently 0.65, and its tax rate is 35%. 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 Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
