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The market risk premium is 0.04. The debt beta is 0. Assume that 5 million of the fixed expenses are replaced with variable expenses that
The market risk premium is 0.04. The debt beta is 0. Assume that 5 million of the fixed expenses are replaced with variable expenses that are currently 5 million. Calculate the asset beta.
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
