Question
Hartman Motors has $20 million in assets, which were financed with $10 million of debt and $10 million in equity. Hartman's beta is currently 1.6,
Hartman Motors has $20 million in assets, which were financed with $10 million of debt and $10 million in equity. Hartman's beta is currently 1.6, 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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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
6th Edition
1599180219, 978-0139043437
