Question: Consider the following statement: Given the covariance between the return rate for stock A and the market index is 10%, and the variance of the

Consider the following statement:

Given the covariance between the return rate for stock A and the market index is 10%, and the variance of the return rate for the market index is 8%, we would be able to know the beta of Stock A, and the beta for the market index.

Do you agree the above statement? If yes, what is the numerical values for the beta of Stock A and the beta for the market index? If you disagree, then what additional information should be given in order to have sufficient information to calculate those betas?

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