Ezcube corp is 58 financed with long-term bonds and 42 with, Financial Management

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Ezcube corp is 58 financed with long-term bonds and 42 with

EZCUBE Corp. is 58% financed with long-term bonds and 42% with common equity. The debt securities have a beta of 0.23. The company’s equity beta is 1.17. What is EZCUBE’s asset beta? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

Beta of assets:

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Financial Management: Ezcube corp is 58 financed with long-term bonds and 42 with

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Financial Management: Ezcube corp is 58 financed with long-term bonds and 42 with

Reference No:- TGS01209626

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