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?
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https://www.investopedia.com/terms/u/unleveredbeta.asp</a">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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