Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC stock has an average annual return of 12.79%. The standard deviation of ABC 's returns is 18.03%. The market has an average annual return
ABC stock has an average annual return of 12.79%. The standard deviation of ABC 's returns is 18.03%. The market has an average annual return of 13.15%. The standard deviation of the market's returns is 8.39%. The correlation between ABC stock and the market is 0.76. What is ABC s beta? Your answer should be accurate to two decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started