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You're working at Exxon. The risk-free rate in the economy right now is 0.3%. You believe the market will average 6.56% per year over the
You're working at Exxon. The risk-free rate in the economy right now is 0.3%. You believe the market will average 6.56% per year over the next 20 years. And you would estimate the long-run return for Exxon as 19.88% per year. What is the beta for Exxon's stock? (Please enter the percent return without the % sign at the end since Canvas doesn't like that symbol in numerical answers - for instance, 20.45 for 20.45%)
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