The covariance of the monthly returns on the stock ABC and those on S&P500 index is 0.0024; and the variance of the ABC's returns and the market returns is 0.0045 and 0.002, respectively. What is the beta of ABC, and is it more or less volatile than the market? 0.53; less volatile 0.53; more volatile 1.2; less volatile O 1.2; more volatile Which of the following statements is most likely correct? A. An annuity due has the first payment occurring one period from now, while an ordinary annuity has the first payment occurring immediately. B. Time periods that can be used in the time value of money computations are restricted to months and years. C. The cash flows for an annuity are assumed to vary in amounts and sometimes occur at irregular intervals. A and C A, B, and C OOOO None A and B