You run single index regression model on the monthly returns collected for company ABC. The regression model is specified as:

Where is the excess return of company ABC in month t is the market excess return in month t Regression output is presented below:

REGRESSION SUMMARY OUTPUT
Regression Statistics
Multiple R		0.2557
R Square		0.0654
Adjusted R Square		0.0510
Standard Error		11.1693
Observations		67

	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%
Intercept	-0.6700	1.4098	-0.4753	0.6362	-3.4856	2.1455
Market	0.8700	0.4074	2.1323	0.0368	0.0551	1.6825

What is the adjusted beta of company ABCs stock?

Select one:

a.

0.3769

b.

0.3673

c.

0.9133

d.

-0.1133

e.

0.6049