21. Beta measures the sensitivity of a stocks price changes to price changes in the overall market. True or False

22. A stock with a beta of 1.5 is less variable than the market and thus less risky. True or False

23. The markets beta is 2.0. True or False

24. A pharmaceutical stock like Pfizer is likely to have a lower beta than an economically cyclical retail stock like Macys. True or False

25. Beta can be approximated as the slope of a line fitted through a graph of a stocks monthly price returns vs. the markets monthly price returns for a 5 year period. True or False