Buhoo is an Egyptian company. The outcome of a regression of Buhoo monthly stock returns against market monthly returns is as follows:ReturnsBuhoo = -1.2% +0.9ReturnSs&P 5001. What is the beta estimate for Buhoo?2. Is Buhoo's stock riskier than the market?If Buhoo is riskier than the market, type 1 in the answer box.If Buhoo is less risky than the market, type 2 in the answer box.If you need more information to answer this question, type 3 in the answer box.3. If the average risk-free rate durinathe regression period was 5%,estimate Jensen's alph a for Buhoo,in annualized terms.