A friend wants to buy stock in either Company Y or Company Z. Your friend does not like taking risks and is seeking a safe investment. Company Y has a beta value of .7, Company Z has a beta value of 1.4. Knowing only this information, which company would you tell your friend to invest in knowing that he does not like taking risks? Explain

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Ans Beta is a measure of a stocks volatility in relation to the overall market A beta of 1 indica... View the full answer