Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has a correlation with the market of .45. The standard deviation of the market is 21%, and the standard deviation of the stock

image text in transcribed
A stock has a correlation with the market of .45. The standard deviation of the market is 21%, and the standard deviation of the stock is 25%. What is the stock's beta? 0.60 0.75 1.00 0.54

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

Students also viewed these Finance questions