3. Refer to Table 1 which shows CAPM estimates for Amazon stock. The estimated Beta is 1.56. Which of the following statements is correct? Table 1. AMZN CAPM regression results. 6 Equation: UNTITLED Workfile: STOCK V2_WEI DATA::Untitled View Proc Object Print Name Freeze Estimate Forecast Stats Resids Dependent Variable: ERAMZN2 Method: Least Squares Date: 09/14/18 Time: 11:35 Sample: 2014M09 2018M05 Included observations: 45 Variable Coefficient Std. Error t-Statistic Prob. ER_GSPC2 1.565370 0.366046 4.276426 0.0001 R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood Durbin-Watson stat 0.126741 Mean dependent var 0.126741 S.D. dependent var 7.112612 Akaike info criterion 2225.927 Schwarz criterion - 151.6307 Hannan-Quinn criter. 1.833978 3.657886 7.611278 6.783588 6.823736 6.798555 a. A 1 percent increase in the monthly excess market returns is associated with a 1.56 percent increase in monthly excess returns on Amazon stock. b. A 1 percentage point increase in the monthly excess market returns is associated with a 1.56 percentage point increase monthly excess retuins on Amazon stock. C. A 10 percentage point increase in the monthly excess market returns is associated with a 15.6 percentage point increase in monthly excess returns on Amazon stock d. All of the above are correct. e. B and C are correct