A securities dealer has equity holdings as follows:

a. What is the beta of the dealers equity holdings?

b. What is the market risk of the dealers equity holdings if the market return has been -4.95% or lower 5 times in the last 2500 trading days?

c. Specify the level of adversity indicated by this DEAR and the method used.

Company	Position	Number of shares	Price per share	Equity beta
Tenet Healthcare	long	1000	28.52	1.80
Meritor	long	1500	21.61	2.25
Simpson Manufacturing	long	300	83.27	1.32
Qorvo Inc	short	500	101.86	1.32