Question
Suppose we are calculating the Beta of Google stock. We chart the market return on the X axis and Google's return on the axis of
Suppose we are calculating the Beta of Google stock. We chart the market return on the X axis and Google's return on the axis of a scatter plot. We then draw a line through the dots that minimizes the distance of the dots from the line. The equation of this line is Y = .87X + .056 What is the Beta of Google stock?
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Financial Accounting An Introduction
Authors: Mr Barry Elliott, Mr Augustine Benedict
2nd Edition
0273737651, 9780273737650
