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Resulting from the fact that the general charge of return on the agency is weighted fee of return on its debt and its fairness, the market-beta of the general unlevered agency is the weighted average of the firm’s debt beta (usually near 0) and its levered equity beta. What did the Asean leaders acquire in return? And Asean leaders can’t say no. The Emperor mentioned so and that is it. So as to add insult to harm, the Asean Presidents and PMs were treated like second tier nationwide leaders, no individual assembly with the Emperor. During the two hour assembly with the eight Asean head of states, the table association was demeaning. All they’d of Biden’s time was a dinner and a 2 hour meeting with second rung leaders like Blinken and Sherman. A free dinner with the Emperor and a chance to have a photograph op with the Emperor to deliver house to frame it up? The Emperor had no time to see them individually.