2. Go to Market Insight at www.mhhe.com/edumarketinsight. Enter the ticker symbol "GOOG" for Google. In the Excel Analytics section, click on Monthly Valuation Data. Save the monthly returns for Google and the S&P 500 in a new spreadsheet. Now calculate the beta of Google as in the previous question. Then repeat the procedure to obtain data for Anheuser-Busch (BUD), JP Morgan Chase (JPM), Union Pacific (UNP), and FedEx (FDX).

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

b. Do the beta coefficients for the low-beta firms make sense given the industries in which these firms operate? Briefly explain.