Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
The annual returns over the past five years for the market and the stock of Diamond Exports Inc. are given by the following table: Year
The annual returns over the past five years for the market and the stock of Diamond Exports Inc. are given by the following table:
|
Year | Diamond Exports Inc. |
Market |
| 2008 | 0.06 | 0.16 |
| 2009 | -0.05 | -0.10 |
| 2010 | 0.03 | 0.12 |
| 2011 | -0.10 | -0.23 |
| 2012 | 0.01 | 0.05 |
Diamond Exports Inc. beta is:
beta > 1.0
beta < 0
beta = 0
beta = 1.0
0 < beta < 1.0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started