25.6

Use a spreadsheet or a calculator with a linear regression function to estimate beta. Do not round intermediate calculations. Round your answer to two decimal places. Beta = . Give a verbal interpretation of what the regression line and the beta coefficient show about Stock Y's volatility and relative risk as compared with those of other stocks. Do not round intermediate calculations. Round your answers to the nearest whole number. Stock Y is about percent as volatile as the market; thus, its relative risk is about percent of that of an average firm