Why are returns on the stock market used as a benchmark in measuring systematic risk?

Question:

Why are returns on the stock market used as a benchmark in measuring systematic risk?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

Question Posted: