View the step-by-step solution to:

Question

Suppose the covariance between the returns of the stock of Poul Inc. and the returns on the Whilshire 5000 is

0.020. If the standard deviation of market returns is 0.017, what is the beta of the stock?


Note: Here the actual numbers rather than percentages are given. So give your answer as an actual number rather than a percentage etc.

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online