Question
Hartman Motors has $18 million in assets, which were financed with $10.8 million of debt and $7.2 million in equity. Hartman's beta is currently 1.9,
Hartman Motors has $18 million in assets, which were financed with $10.8 million of debt and $7.2 million in equity. Hartman's beta is currently 1.9, 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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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
5th Edition
0072339160, 978-0072339161
