Question 23 10 out of 15 points Problem 3 (15 points): Use the regression output from Excel in the table below to answer the following questions about Coca-Cola (KO) stock. The results are based on a regression of KO monthly excess returns vs. the S&P500 monthly excess returns over a 5-year period. SUMMARY OUTPUT Regression Statistics Multiple R 0.5448 R Square 0.2968 Adjusted R Square 0.2847 Standard Error 0.0410 Observations ANOVA df Regression 1 Residual Total 59 MS F 24.4794 Significance F 0.0000 SS 0.0412 0.0976 0.1388 0.0412 0.0017 Intercept Slope Coefficients Standard Error 0.0073 0.0053 0.5737 0.1160 t Stat 1.3675 4.977 P-value 0.1768 0.0000 a. Interpret the adjusted R Square. b. What was the alpha of KO for the returns realized during this period? How would you interpret the alpha? c. What is the beta coefficient for KO for this period? How would you interpret the beta coefficient? d. Reuters reports a slightly different beta for KO. Give three reasons that may explain this discrepancy. Selected Answer: [None Given)