Question
Hartman Motors has $17 million in assets, which were financed with $5.1 million of debt and $11.9 million in equity. Hartman's beta is currently 1.5,
Hartman Motors has $17 million in assets, which were financed with $5.1 million of debt and $11.9 million in equity. Hartman's beta is currently 1.5, and its tax rate is 30%. Use the Hamada equation to find Hartman's unlevered beta, bU. Do not round intermediate calculations. Round your answer to two decimal places.
bU = ....
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
