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Estimate FB's beta using the S&P 500 as a benchmark (DO NOT USE Yahoo's estimated Beta). What does this beta value tell you about FB?

Estimate FB's beta using the S&P 500 as a benchmark (DO NOT USE Yahoo's estimated Beta). What does this beta value tell you about FB?  Is FB a defensive play against the S&P. Explain why or why not.  Compare your beta to that provided by Yahoo.  

What factors may account for the difference?

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