Based on the 2 graphs of the historical returns above, which stock must have larger Beta: CAT or CVX?

A. CAT

B. CVX

C. S&P 500

D. Cannot tell based on the information provided

Historical Returns 0.4 0.3 0.2 0.1 aWan 0.1 -0.2 -0.3 -0.4 -S&P 500 CAT