In an effort to estimate a proxy beta,and,if foreign proxy companies are not available,a second alternative would be to find a

Question

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Finding a proxy industry in the local market would provide the closest comparison to the company's operations and risks. While a proxy industry in the parent company's market may be somewhat similar, there may be differences in the local market that could affect the proxy beta. Using a U.S. industry beta or a past project may not accurately reflect the unique risks of the current project or company.

In an Effort to Estimate a Proxy Beta,and,if Foreign Proxy