Question: Will Eatem, a portfolio manager for the Conservative Retirement Equity Fund (CREF), is considering investing in the common stock of Big Caesar's Pizza (stock symbol

Will Eatem, a portfolio manager for the Conservative Retirement Equity Fund (CREF), is considering investing in the common stock of Big Caesar's Pizza (stock symbol PIES). His analysts have compiled the return data given here.

Calculate the beta coefficient forPIES.

Year S&P 500 PIES 9 10 5.8 12.27.3-1.510.5 8.3 15.7-21 8.6 6.1 2.8.8 15.7 3.9 12.67.3 102 6 -10.2 3 -5.3 13.2

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