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A US Firm Has Invested in a Project in Switzerland That

Question 37

Essay

A U.S. firm has invested in a project in Switzerland that has a beta of 0.9 relative to the
Swiss stock market. Assume that the beta of the Swiss market relative to the U.S.
market is 0.65 and that the market beta of the $/Swiss franc exchange rate movements
is 0.0. What would you expect the beta of the Swiss project relative to the U.S. market
to be?

Correct Answer:

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