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Company XYZ.s stock prices and the market index for the past four years are given in the following table. The current risk free rate is
Company XYZ.s stock prices and the market index for the past four years are given in the following table. The current risk free rate is 7%. Use the data answer the following questions (Of course, the reliability of statistics calculated with only four pairs of data is low). Stock Market price of 3 year ago is $23.13 with index of 9414. 2 year ago a market price of $25.68 with index of 10638. 1 year ago with market price of $23.62 with index of 10000. Current market price is $30 with index of 10800 1. What is the beta of the stock?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
