The market is expected to return 15 percent next year and the risk-free rate is 7 percent.
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Question:
The covariance of the market's returns with the stock's return is 0.005 and the standard deviation of the market's return is 0.05. What is the stock's beta?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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