From Market Insight, enter ticker symbol BMY for Bristol Myers Squibb. In the Excel Analytics section, click on Monthly Valuation Data. The report summarizes seven months of data related to stock market activity and contains several comparison reports to market indexes. Then repeat the procedure to obtain data for CQB

(Chiquita Brands Intl.), GE (General Electric), ETFC (E Trade Financial Corp.), and MLP (Maui Land and Pineapple Company). After reviewing the reports, answer the following questions:

a. Which of the stocks would you classify as defensive? Which would be classifi ed as aggressive?

b. Do the beta coeffi cients for the low-beta fi rms make sense given the industries in which these fi rms operate? Briefl y explain.

c. Describe the variations in the reported beta coeffi cients over the seven months of data. (Check the “% change” worksheet to see the percentage changes.) Which fi rm has experienced the largest changes from month to month? LO.1