Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have run a regression of monthly stock returns for Gym Place Holdings, a small play-set manufacturing company against the S&P 500 over the last

image text in transcribed
image text in transcribed
You have run a regression of monthly stock returns for Gym Place Holdings, a small play-set manufacturing company against the S&P 500 over the last 5 years. The results are summarized below ReturnsGym Place = 0.0003 + 2.00 Returns S&P 500 R2 = 0.4, the standard error for the beta estimate is 0.6 If you know that this stock had a monthly Jensen's alpha of 0.005 during the period of the regression. The 10-year U.S. treasury bond rate is 0.019. the German government Euro bond rate is 0.05 and Gym Place can borrow money at 0.06 (in Euros). The risk premium (Equity over risk free rate) over the last 10 years in European markets is only 0.02 but the historical risk premium over the last 75 years in the United States is .0.0453 ? Using Jensens alpha, What was the monthly risk free rate What was the annualized risk free rate during the last 5 years 3 What is the upper bound in a 95.confidence interval for beta estimate What is the lower bound in a 95 confidence interval for beta estimate Using Jensens alpha, What was the monthly risk free rate What was the annualized risk free rate during the last 5 years ? What is the upper bound in a 95 confidence interval for beta estimate ? What is the lower bound in a 95 confidence interval for beta estimate ? What is the firm specific risk ? What is the market risk Estimate a Euro cost of equity for Gym Place Holdings You have run a regression of monthly stock returns for Gym Place Holdings, a small play-set manufacturing company against the S&P 500 over the last 5 years. The results are summarized below ReturnsGym Place = 0.0003 + 2.00 Returns S&P 500 R2 = 0.4, the standard error for the beta estimate is 0.6 If you know that this stock had a monthly Jensen's alpha of 0.005 during the period of the regression. The 10-year U.S. treasury bond rate is 0.019. the German government Euro bond rate is 0.05 and Gym Place can borrow money at 0.06 (in Euros). The risk premium (Equity over risk free rate) over the last 10 years in European markets is only 0.02 but the historical risk premium over the last 75 years in the United States is .0.0453 ? Using Jensens alpha, What was the monthly risk free rate What was the annualized risk free rate during the last 5 years 3 What is the upper bound in a 95.confidence interval for beta estimate What is the lower bound in a 95 confidence interval for beta estimate Using Jensens alpha, What was the monthly risk free rate What was the annualized risk free rate during the last 5 years ? What is the upper bound in a 95 confidence interval for beta estimate ? What is the lower bound in a 95 confidence interval for beta estimate ? What is the firm specific risk ? What is the market risk Estimate a Euro cost of equity for Gym Place Holdings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Research Methods And Applications In Empirical Finance

Authors: Adrian R. Bell, Chris Brooks, Marcel Prokopczuk

1st Edition

1782540172, 978-1782540175

More Books

Students also viewed these Finance questions