Luther Industries has a market capitalization of $23 billion,no debt,and $4 billion in cash.If Luther's estimated equity beta is 1.32,then the beta of Luther's underlying business enterprise is closest to:
A)1.09.
B)1.32.
C)1.48.
D)1.60.

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The Answer of Luther Industries has a market capitalization of $23 billion,no debt,and $4 billion in cash.If Luther's estimated equity beta is 1.32,then the beta of Luther's underlying business enterprise is closest to:
A)1.09.
B)1.32.
C)1.48.
D)1.60.

Luther Industries Has a Market Capitalization of $23 Billion,no Debt,and