The volatilty of the stock market is estimated to be 30%. The volatility of Exxon-Mobil is 20%,
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Question:
The volatilty of the stock market is estimated to be 30%. The volatility of Exxon-Mobil is 20%, and the correlation between Exxon-Mobil's stock and the S&P 500 is 0.62. What is Exxon-Mobil's beta?
Stephanie's portfolio consists of $14,000 in Berkshire Hathaway stock and $20,000 in US Treasurys. The beta of Berkshire Hathaway is 0.61. What is the beta of Stephanie's portfolio?
Expert Answer:
To solve this problem we need to use the formula for beta which is beta covariancestock market varia... View the full answer
Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date:
