Use the information given in Problem 78 to estimate the regression of the monthly highest stock price

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Use the information given in Problem 78 to estimate the regression of the monthly highest stock price on the risk-free interest rate.

Problem 78

Compute the correlation coefficient and the R2 between the monthly highest prices of a stock (y, unit: dollar) and risk-free interest rates (x, unit: %).image text in transcribed

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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