Published beta is geard beta Of industry. And we have to ungear it to find Ba and then regear it acording to financial arrangement to find the risk of new project via CAPM but in this question I mentioned as title in given answer is just used given beta with out ungearing it and use it as Ba and regear it .M confused plz help me out
I don’t know which BPP book you are referring to. I only have the current edition of the Revision Kit, and Q21 is not called Canadian. I do not have the BPP Study Text.