Asset Betas
= −
=
PV(asset)
B 1 PV(fixed^ cost)
PV(asset)
B B PV(revenue) - PV(variable^ cost)
revenue
asset revenue
Asset Betas
= −
=
PV(asset)
B 1 PV(fixed^ cost)
PV(asset)
B B PV(revenue) - PV(variable^ cost)
revenue
asset revenue