Exhibit 5
Month	Market	Asset R	Asset S
1	3%	5%	4%
2	5%	-6%	3%
3	1%	4%	4%
4	7%	8%	3%
5	6%	9%	4% Use Exhibit 5. The data gives the historic return over the past five months for the market portfolio and two assets: R and S. Which of the answers below best describes the historic beta () for R and S? A. R < 0; S = 0 B. R > 0; S > 1 C. R > 0; S < 0 D. R > 1; S = 0 E. R < 0; S > 0