The Chapter Resources section of MyFinanceLab has data on Microsoft and the S&P 500 from 1987 to

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The Chapter Resources section of MyFinanceLab has data on Microsoft and the S&P 500 from 1987 to 2006.

a. Estimate Microsoft’s beta using linear regression over the periods 1987–1991, 1992–1996, 1997–2001, and 2002–2006.

b. Compare the four estimated betas. What do you conclude about how Microsoft’s exposure to systematic risk has changed over time? What do you think explains the change?

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Fundamentals of Corporate Finance

ISBN: 978-0321818171

2nd Canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Jan 05, 2019 12:49 PM

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The Chapter Resources section of MyFinanceLab has data on Microsoft and the S&P 500 from 1987 to

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Fundamentals of Corporate Finance

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