Multiple Choice
Use the following information to answer the question(s) below.Consider the following information regarding corporate bonds:
-Galt Industries has a market capitalization of $50 billion,$30 billion in BBB rated debt,and $8 billion in cash.If Galt's equity beta is 1.15,then Galt's underlying asset beta is closest to:
A) 0.83.
B) 0.92.
C) 1.00.
D) 1.15.
Correct Answer:

Verified
Correct Answer:
Verified
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