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Calculate Stock Y BETA given that Stock Y prices and the Market Index in the past 6 months are reported as the following: Then, explain

Calculate Stock Y BETA given that Stock Y prices and the Market Index in the past 6 months are reported as the following: Then, explain the meaning of the Beta that you just calculated.

Months Stock Y prices ($) Market Index

Jan 2020 $ 292 2941

Feb 2020 $ 307 3025

Mar 2020 $ 271 2542

April 2020 $ 254 2941

May 2020 $ 293 3025

June 2020 $ 317 3072

July 2020 $ 365 3074

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