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.

---

Definitions:

Virtual Team

A group of individuals who work together from different geographical locations and rely on communication technology to collaborate.

Face-to-face Meeting

A personal interaction between two or more people, in the same physical location, for the purpose of communication.

Intranet Technologies

Internal, private networks used by organizations to share information, tools, and resources among their employees.

Data Sharing

The practice of making data available to others, either within an organization or publicly, to support analysis, decision making, and innovation.