Problem 12-26 Use the data in the spreadsheet below to estimate the beta of Nike stock by using the SLOPE function. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. Ifa specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. Beta Requirements In cell D6, by using cell references, calculate the beta of Nike stock (1 pt.). Notes: (1) Use the SLOPE function with the Nike prices as the known y's and the S&P 500 as the known x's. (2) Do not absolute or mix cell references. 1 Month Jan-02 Feb-02 Mar-02 Apr-02 May-02 Jun-02 Jul-02 Aug-02 Sep-02 Oct-02 Nov-02 Dec-02 Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 S&P 500 Nike 12 13 14 15 16 17 18 19 20 21 6.383% -1 .898% 2.013% -11.275% 0.647% -0.101% -8.266% -12.533% 0.151% 9. 69% -5.206% -0.479% 0.061% 4.011% 11.100% 4.011% 4.506% 4.289% -3.350% -1 . 602% -2.074% 3.617% -6208% -0.878% 23 24 25 26 27 28 29 30 31 -7.933% 0.519% -10.995% 8.684% 5.787% -5.974% -2.716% -1 .598% 0.878% 8.145% 5. 178% 1 . 202% 1 . 685% Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 1.871% -1.139% 5.579% 0.804% 5167% 1.761% 10.048% 6.908% 4.986% 5167% 2.020% 1 . 678% 32 34 35 36 37 Feb-04 Mar-04 Apr-04 May-04 1.312% -1.586% -1.650% 1 .284% 1.836% -3.428% 0.275% 0.944% 1.373% 3.865% 3.223% -2.642% 1.881% 5.076% 6.503% -7.682% -1 .200% 6.637% -4.131% 3.446% 4.761% 3.030% 3.938% 7.238% 4.681% 0, 145% 38 39 40 41 42 43 un Jul-04 Aug-04 45 46 47 48 49 50 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 078 4666772313648 2370014878834 1074515517089 154 228 4865363211761 420 6010555662176 9341492869997 9191415942208 1220310130200 922 555 15 56 6 uue lo MA, M J J A S O N D J F M AMJ 1234567890123 5555555556666 456 67 68 69 70 71 72 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 0.212% 1.979% 2188% 2.855% 1.503% 1 . 004% -2.874% 1.827% 8.489% 4.459% 7.296% 0.056%