Question 1 You have run a regression of monthly returns of Ghaceb Corp on the monthly returns of the Ghana Stock Exchange (GSE) Composite Index over the five-year period 2008-2012 and obtained the following output. Results of the regression of Ghaceb Corp. returns on the GSE returns: R2 0.285948 Coefficients -0.00147060 Standard Error 6.59342 Intercept X-Variable 0.735294 0.670845 a) What is the beta of the stock? b) If you bought shares of Ghaceb today, how much would you expect to make as a return over the next year (The c) Looking back over the past five years, how would you evaluate Ghaceb's performance relative to the market? d) Assume now that you are an undiversified investor and that you have all of your money invested in Ghaceb. What Treasury bill rate is 6%)? The market risk premium is 8.76%. Estimate Jensen's alpha for the company. Assume the monthly risk-free rate ofreturn is 0.50%. would be a good measure of the risk that you are taking on (no calculation needed here)? How much of this risk would you be able to eliminate if you diversify