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Matt's Widget Co. is suing Elon Mining Co. Today, the jury announced the outcome of the trial. There was also important news about the economy:
Matt's Widget Co. is suing Elon Mining Co. Today, the jury announced the outcome of the trial. There was also important news about the economy: we learned the GDP growth rate was 2.9%, instead of the expected 2.0%. You know that Matt's Widget Co. has a CAPM beta of 1.0, the market return today was 4.5%, and the daily risk-free rate is 0.7%. There was no other news today and Matt's Widget Co. had a stock return of 2% today.
By how much did the jury announcement change Matt's stock return today?
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