In class we discussed three questions that can help us estimate beta before we actually start calculating this number. Based on the framework discussed, what kind of beta would the company Cedar Point have, assuming that it has a high level of debt? (2 pts)

a) The company is likely to have a beta higher than 1.0

b) The company is likely to have a beta very close to 1.0

c) The company is likely to have a beta below 1.0

d) The company is likely to have a negative beta