mcmc

Irishgyy Wrote:
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> Remember these principles, it works for me, you
> can figure out the rest
>
> 1, the equity beta NEVER changes, the one changes
> is asset beta.
> 2. equity in balance sheet changes same direction
> as equity in pension
> 3. WACC uses operating assets beta


Be careful. The equity beta changes if they reallocate the pension. Ie they change from 50% equity to 60% equity.