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Which of the following is a suitable characteristic of a proxy firm used to calculate a foreign project beta? Select one: a. The proxy firm

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

Select one:

a.

The proxy firm is in the different industry as the project.

b.

The proxy firm is a private firm.

c.

The proxy firm has a different debt ratio.

d.

The proxy firm is located in the project's country.

e.

The proxy firm has a different risk exposure.

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