Question: Please show how the answer was achieved. Thanks A stock is currently priced at $60 per share, and has a beta of 1.50. Answer these

Please show how the answer was achieved. Thanks

A stock is currently priced at $60 per share, and has a beta of 1.50. Answer these questions independently.

a) If the overall market goes up 20%, this stock will go up _____ %, from $60 to $_______________.

b) If the overall market goes down 40%, this stock will do down ______%, from $60 to $______________.

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