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Write the steps of proofing for the following formula of asset beta, which is linked to the equity beta and debt beta with market value.

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Write the steps of proofing for the following formula of asset beta, which is linked to the equity beta and debt beta with market value. Ba= [welPal Bel+L T) Ve (Ve+Vd(1-T)) Vd(1-T) Bd (Ve+Vd(1-T)) = Ba asset beta Be = equity beta Bd = debt beta Ve = market value of company's shares Vd = market value of company's debt ((Ve + Vd(1 - T)) = after tax market value of company T = company profit tax rate =

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