Estimate Bartmans and Reynoldss betas by running regressions of their returns against the indexs returns. (Hint: Refer to Web Appendix 8A.) Are these betas con- sistent with your graph?

-22 EVALUATING RISK AND RETURN Bartman Industries's and Reynolds Inc.'s stock prices and dividends, along with the Winslow 5000 Index, are shown here for the period 20122017. The Winslow 5000 data are adjusted to include dividends