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Problem 3: (20 pts) Yahoo! Finance lists the Beta of Netflix stock as 1.28. Use the adjusted close stock price series below to compute Beta

Problem 3:

(20 pts) Yahoo! Finance lists the Beta of Netflix stock as 1.28. Use the adjusted close stock price series below to compute Beta of Netflix. What does the beta value you computed suggest about the riskiness of Netflix compared to the average stock? You will likely not compute the beta to be 1.28 exactly, but you should get something close.

The data is present in the figures.

PLEASE ANSWER QUESTION FULLY AND GIVE THE RIGHT RESPONSE MY WHOLE CLASS DEPENDS ON IT (Answer all parts please).

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