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4. Savoy Corp. and the S&P 500 have Betas of 0.75 and 1.00 respectively. If the S&P 500 goes down by 11.67 percent, the stock

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4. Savoy Corp. and the S&P 500 have Betas of 0.75 and 1.00 respectively. If the S&P 500 goes down by 11.67 percent, the stock of Savoy would change in value by A) increasing 2.92 percent. B) increasing 8.75 percent. C) decreasing 2.92 percent. D) decreasing 8.75 percent

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