Question
The covariance between the return of stock XYZ and the return of the market portfolio is equal to 0.03. The market standard deviation (i.e., M)
The covariance between the return of stock XYZ and the return of the market portfolio is equal to 0.03. The market standard deviation (i.e., M) is equal to 20%. What is the value of stock XYZ's beta with the market (i.e., XYZ)?
Answer choices:
0.15
0.44
0.75
0.50
0.82
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
