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Explain the in's and out's of beta to an uninformed person. - What is beta and what does it represent? - What are the pros

Explain the in's and out's of beta to an uninformed person.

- What is beta and what does it represent?

- What are the pros and cons of beta in terms of measuring risk?

- Compare and contrast risk assessment of a public stock using beta and VIX. Which one is superior in measuring risk?

- What is a hurdle rate and how does it compare to beta? Would it move higher as beta moves higher?

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