Find the most recent D/E ratios (LT Debt/Total Equity at the bottom of the Ratio...
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Find the most recent D/E ratios (LT Debt/Total Equity at the bottom of the Ratio Analysis tab) for Kohls and Target. What would Kohls' beta be if they had Target's leverage, everything else equal? Use a tax rate of 21% and note that Factset multiplies the D/E ratio by 100. Use the beta for Kohls that Factset uses to calculate the WACC
Kohls LT Debt/Total Equity = 132.2
Target's LT Debt/Total Equity = 102.0
Kohls Beta = 1.93
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