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When using the capital asset pricing model to estimate the cost of equity for a firm being valued, beta is often adjusted to account for:

When using the capital asset pricing model to estimate the cost of equity for a firm being valued, beta is often adjusted to account for:

Debt ratios of comparable firms that are leveraged differently from that of the firm being valued

The level of cash held at comparable firms

The overall level of risk in the market

The default rate of corporate bonds

All of the above

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