You just ran a regression of monthly returns on Magna International against monthly returns on the S&P/TSX Composite Index and arrived at an estimate of beta of 1.5 with a standard deviation of 0.12. What would be the range of beta with 99% confidence interval?

Select one: a. {1.14, 1.86} b. {1.02,1.98} c. {1.26, 1.74} d. {1.38, 1.62}