UNLEVERED BETA Hartman Motors has $15 million in assets, which were financed with $3 million of debt

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UNLEVERED BETA

Hartman Motors has $15 million in assets, which were financed with $3 million of debt and $12 million in equity. Hartman's beta is currently 0.65, 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.

bU=

Posted Date: Jun 06, 2024 12:03 AM

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UNLEVERED BETA Hartman Motors has $15 million in assets, which were financed with $3 million of debt

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