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Monthly data was used to estimate the following regression. Stock Return = + (Market Return) + The estimation of regression yielded the following results. Interpret

Monthly data was used to estimate the following regression.

Stock Return = + (Market Return) +

The estimation of regression yielded the following results. Interpret the results.

  • R Square = 0.0837
  • Intercept = 0.0048
  • P-value of Intercept = 0.4351
  • Beta = 0.4736

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