Cost of equity and dual listing
Hey guys,
I'm new here and have a question which hopefully will be basic for some of you. When using CAPM, how do you calculate the costs of equity for a company that has dual listing structure (dual listing, as opposed to cross listing) in two different countries and currencies. Do you weighted average them by the % of market cap contribution (after converting into a common currency) or pick one and ignore the other? And any explanation for your approach would be great.
Many thanks.
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