When is unlevered beta used and when is levered beta used?
Also, why is levered beta used for CAPM? Intuitively, what is the difference between levered and unlevered beta?
Also, why is levered beta used for CAPM? Intuitively, what is the difference between levered and unlevered beta?
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Use google mate
always use levered beta because that includes the risk associated with capital structure. Unlevered beta does not assume that and only includes volatility compared to the markets
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