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Use the following data to answer the questions that follow. Company Beta Savoy Corp. 0.82 Hokie Industries 1.23 Alison Records 1.82 Expo Enterprises 0.48 S&P

Use the following data to answer the questions that follow.

Company	Beta
Savoy Corp.	0.82
Hokie Industries	1.23
Alison Records	1.82
Expo Enterprises	0.48
S&P 500	1.00

a. If the S&P 500 goes up by 11.95 percent, how much should the stocks of Savoy, Hokie, Alison, and Expo change in value?

b. If the stock market drops by 18.32 percent, which one of these stocks should outperform the others? Why?

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