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Which of the following is a suitable characteristic of a proxy firm used to calculate a foreign project beta? A.The proxy firm is a private

Which of the following is a suitable characteristic of a proxy firm used to calculate a foreign project beta? A.The proxy firm is a private firm.

B.The proxy firm is located in the project's country. C.The proxy firm has a different risk exposure. D.The proxy firm is in the different industry as the project.

E.The proxy firm has a different debt ratio.

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