Use data from Data for Assignment 12 file and

Calculate monthly returns for SP500, JPMorgan Chase & Co., Bank of America Corporation, Wells Fargo & Company, and Citigroup Inc.

Estimate a regression line using returns of JPMorgan Chase & Co. as dependent variable and returns of SP500, Bank of America Corporation, Wells Fargo & Company, and Citigroup Inc.as independent variables.

Interpret the estimated coefficients of your regression line and discuss their finance implications, in writing, in 6 lines in a Word file.

Date	JPM	BAC	WFC	C	SP500
1/2/2014	51.32	16.24	41.96	46.98	2063.36
2/3/2014	52.67	16.02	43.25	48.17	2080.41
3/3/2014	56.28	16.68	46.34	47.15	2079.36
4/1/2014	52.22	14.68	46.25	47.46	1920.03
5/1/2014	51.84	14.68	47.65	47.13	1972.18
6/2/2014	53.75	14.92	49.32	46.67	2103.84
7/1/2014	54.18	14.8	47.76	48.47	2063.11
8/1/2014	55.85	15.61	48.61	51.19	2107.39
9/2/2014	56.59	16.6	49.02	51.35	2085.51
10/1/2014	57.2	16.7	50.17	53.06	2067.89
11/3/2014	56.89	16.59	51.82	53.5	2104.5
12/1/2014	59.18	17.47	52.15	53.63	1994.99
1/2/2015	51.76	14.79	49.39	46.55	2058.9
2/2/2015	58.33	15.44	52.46	51.97	2067.56
3/2/2015	57.66	15.07	52.09	51.08	2018.05
4/1/2015	60.61	15.6	52.76	52.86	1972.29
5/1/2015	63.03	16.16	53.94	53.67	2003.37
6/1/2015	64.92	16.72	54.21	54.82	1930.67
7/1/2015	66.09	17.56	55.79	58.06	1960.23
8/3/2015	61.82	16.05	51.74	53.12	1923.57
9/1/2015	58.8	15.35	49.82	49.27	1883.95
10/1/2015	62.41	16.54	52.53	52.86	1872.34
11/2/2015	64.77	17.18	53.83	53.77	1859.45
12/1/2015	64.68	16.85	53.62	51.99	1782.59
JPMorgan Chase & Co. (JPM)
Bank of America Corporation (BAC)
Wells Fargo & Company (WFC)
Citigroup Inc. (C)
S&P 500