A company is planning to invest in a stock with the following samples of stock price history for KKL and MPC.

Date	KKL closing stock price	KKL Dividend	MPC closing stock price	MPC Dividend
Dec 00	60.938		45.688
Jan 01	58.00		48.20
Feb 01	53.03		42.50
Mar 01	45.16	0.18	43.10	0.04
Apr 01	46.19		47.10
May 01	47.40		49.29
Jun 01	45.00	0.18	47.24	0.04
Jul 01	44.60		50.37
Aug 01	48.67		45.95	0.04
Sep 01	46.85	0.18	38.37
Oct 01	47.88		38.23
Nov 01	46.96	0.18	46.65	0.05
Dec 01	47.15		51.01

The market returns for the twelve months are given below;

Date	Market Returns
Jan 01	6.94%
Feb 01	-9.87
Mar 01	4.86
Apr 01	6.62
May 01	-7.64
Jun 01	8.96
Jul 01	-4.45
Aug 01	1.98
Sep 01	4.76
Oct 01	-8.93
Nov 01	-2.55
Dec 01	5.1

Calculate the risk associated with investing in these stocks.

Calculate the correlation coefficient between the two stocks

Calculate the beta associated with each of these stocks

Explain the betas of the two stocks