Question
A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the Standard & Poors
A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the Standard & Poors 500 stock index over the same period. The resulting regression equation is rEM= 0.12 + 1.60 rSP. Use this equation to estimate Exxon Mobils equity beta.
Note: Round your answer to 2 decimal places.
Estimated Exxon Mobil's equity beta
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
