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Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the companys beta. You have obtained the following equity beta
Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the companys beta. You have obtained the following equity beta
($ millions) | |||||||
Firm | Beta | Debt | Market Value of Equity | ||||
iRobot | 0.92 | $0 | $ | 3,140 | |||
Middleby's | 1.87 | 756 | 7,470 | ||||
National Presto | 0.12 | 0 | 827 | ||||
Newell Brands | 1.07 | 11,933 | 26,570 | ||||
Whirlpool | 1.77 | 4,510 | 14,120 | ||||
a. Estimate an asset beta for Sinaloa Appliance. (Round intermediate calculations and final answer to 3 decimal places.)
s for publicly traded firms that also manufacture home appliances.
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