Question: Arnold Hesser estimated the beta for United Technologies (UTX) using historical data for the last 60 months. His estimate was a beta of 1.27. Arnold

Arnold Hesser estimated the beta for United Technologies (UTX) using historical data for the last 60 months. His estimate was a beta of 1.27. Arnold then uses an adjusted beta (as recommended in the book) as his forecasted beta. The adjusted beta should be:

	A.	1.18.
	B.	1.50.
	C.	0.94.
	D.	1.09.

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