Question: Estimate FB's beta using the S&P 500 as a benchmark (DO NOT USE Yahoo's estimated Beta). What does this beta value tell you about FB?
Estimate FB's beta using the S&P 500 as a benchmark (DO NOT USE Yahoo's estimated Beta). What does this beta value tell you about FB? Is FB a defensive play against the S&P. Explain why or why not. Compare your beta to that provided by Yahoo.
What factors may account for the difference?
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