What is the purpose of being so exact with the betas

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The Countrywide Corporation in charge of the organization where I work has as of late distributed a report expressing that the levered beta of the area of vitality transportation is 0.471870073 (yes, 9 decimals). They acquired this number by considering the betas in the division, extending between - 0.24 and 1.16. What is the purpose of being so exact with the betas? Does it bode well to apply the same beta to every one of the organizations in a part

 

 

Reference no: EM13861185

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