Find the CAPM beta of the following stock, where is stock return, is market return, is average of stock returns, is average of market returns, (,) is covariance between and , and () is variance of market returns. Year ( ) ( ) ( ) 2 1 0.10 0.05 2 -0.10 -0.05 3 -0.10 0.10 4 -0.30 0.30 = = (,)= () =

Q 14. Fill in the blank in the above table and find the CAPM beta.

CAPM beta =