Stock XYZ has an alpha of 1%, a beta of 1.1, and a residual standard deviation of

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Stock XYZ has an alpha of 1%, a beta of 1.1, and a residual standard deviation of 0.19. The market return is 8% and has a standard deviation of 16%. What is the correlation of the market and Stock XYZ?

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Intermediate Financial Management

ISBN: 978-1111021573

10th Edition

Authors: Brigham, Daves

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Posted Date: May 13, 2024 04:14 AM

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Stock XYZ has an alpha of 1%, a beta of 1.1, and a residual standard deviation of

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To calculate the correlation between the market and Stock XYZ we can use the fo... View the full answer

Intermediate Financial Management

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