Question
UNLEVERED BETA Hartman Motors has $9 million in assets, which were financed with $3.6 million of debt and $5.4 million in equity. Hartman's beta is
UNLEVERED BETA
Hartman Motors has $9 million in assets, which were financed with $3.6 million of debt and $5.4 million in equity. Hartman's beta is currently 1.4, 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=
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
