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Please show all work and answer asap, thankyou! 14. Find the CAPM beta of the following stock, where RE is stock return, RM is market

Please show all work and answer asap, thankyou!image text in transcribed

14. Find the CAPM beta of the following stock, where RE is stock return, RM is market return, RE is average of stock returns, RM is average of market returns, COV(RE,RM) is covariance between RE and RM, and VAR(RM) is variance of market returns. You may format your calculator to 4 decimal places. CAPM beta =COV(RE,RM)/VAR(RM)= Q 14. Find the CAPM beta

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