Company J has returned 15% p.a. over the past five years, versus p.a. returns of 13% and
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Company J has returned 15% p.a. over the past five years, versus p.a. returns of 13% and 6.5% for the equity market and Treasury Bills, respectively. You run a linear regression and determine Company J's stock exhibited a beta of 1.25 and idiosyncratic variance of .004.
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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