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A stock earned annual returns of 14%,5%,1%, an d9 %over four consecutive years. During the same time period, the annual market returns were 4%,4%,1%, an
A stock earned annual returns of 14%,5%,1%, an d9 %over four consecutive years. During the same time period, the annual market returns were 4%,4%,1%, an d13%, respectively. What is the stock's beta? Round your answer to three decimal places. Note: This sample of returns is very small by design, to make computations easier. In a real world application, one would estimate betas from a larger sample of data.
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