Luther Industries Has a Market Capitalization of $23 Billion,no Debt,and

question 88

Multiple Choice

Luther Industries has a market capitalization of $23 billion,no debt,and $4 billion in cash.If Luther's estimated equity beta is 1.32,then the beta of Luther's underlying business enterprise is closest to:

• A)1.09.
• B)1.32.
• C)1.48.
• D)1.60.

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