In an odd twist of fate, the return on the stock market has been exactly 1 percent

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In an odd twist of fate, the return on the stock market has been exactly 1 percent in each of the last eight months. The return on Simon Entertainment stock in the past eight months has been as follows: 8%, 4%, 16%, –10%, 26%, 22%, 1%, –55%. From this information, estimate the beta of Simon stock.
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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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