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Which one of the following statements about markets beta is incorrect? Beta is a measure of how an individual stocks excess returns vary with market
- Which one of the following statements about markets beta is incorrect?
- Beta is a measure of how an individual stocks excess returns vary with market excess returns
- A firm that has a beta=1 has no risk at all
- A firm with a beta>1 is more volatile (risky) than the market
- A firm with a beta<1 is less volatile than the market
A firm with a beta=1 has the average market risk
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
