Question
Which of the following statements is false? a) WACC is often used as the discount rate in capital budgeting projects b) Companies with cyclical earnings
Which of the following statements is false?
a) WACC is often used as the discount rate in capital budgeting projects
b) Companies with cyclical earnings usually have low betas
c) The asset beta of a firm is the beta of the firm without leverage
d) Equity beta of a firm is never lower than asset beta for the same firm ?
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
