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What is PWP industrials culture/wlb in NYC?
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Typically you start with the peer set betas, and then unlever each of them. After finding the average or median beta, you then relever according to your target's capital structure:
Example:
https://www.sec.gov/Archives/edgar/data/1382158/000104746916015138/g169163nc25i001.gif
As reference, investment banking presentations: tinyurl.com/talkpts
Thanks:)