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1) Your Corporate Valuation Methodologies course states that Unlevered beta = (levered beta/ (1+(1-Tax rate)x(debt/equity+preferred/equity) - why the denomintors are equity not TEV?
2) The Company Profiles module says assume preferred stock is not tax-deductible which is different from Corporate Valuation module - so exactly, is preferred stock tax deductible or not? Read More