Column A	Column B	Column C	Column D	Column E
Month	Hershey Price	Hershey Return? (Monthly)	?S&P 500 Index	?S&P 500 Return? (Monthly)
Sep	55.80	?-4.7%	1219.1	?0.8%
Oct	56.31	?0.9%	1190.2	?-2.4%
Nov	53.97	?-4.2%	1242.5	?4.4%
Dec	54.99	?1.9%	1240.2	?-0.2%
Jan	50.96	?-7.3%	1269.9	?2.4%
Feb	51.15	?0.4%	1277.2	?0.6%

Refer to the table on prices and returns for Hershey and the? S&P 500 to answer this question. If you were going to estimate? Hershey's beta, then you would run a regression? with:???(Select the best choice? below.)

A.

?Hershey's price? (column B) as the independent? (X) variable and the? S&P 500 returns? (column E) as the dependent? (Y) variable.

B.

?Hershey's price? (column B) as the independent? (X) variable and the? S&P 500 index? (column D) as the dependent? (Y) variable.

C.

?Hershey's returns? (column C) as the independent? (X) variable and the? S&P 500 returns? (column E) as the dependent? (Y) variable.

D.

The? S&P 500's returns? (column E) as the independent? (X) variable and? Hershey's returns? (column C) as the dependent? (Y) variable.