Question
According to Yahoo Finance, the following information describes the past 5 years of monthly returns to General Electric (GE) and the S&P500: Investment Average Return
According to Yahoo Finance, the following information describes the past 5 years of monthly returns to General Electric (GE) and the S&P500:
| Investment | Average Return | Standard Deviation | Correlation |
| S&P500 | 0.79% | 2.79% | 0.390719 |
| GE | -0.85% | 5.66% |
According to this, what is the beta of GE?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
