Find the beta coefficient for the gmg ltd share

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The expected rate of return from the shares of GMG Ltd is 2.25 percent more than the market expected rate of return. The expected return and standard deviation of returns for the market are 11.23 percent 19.03 percent respectively. The security standard deviation of returns for GMG Ltd is 26.47 percent. The covariance of returns between GMG Ltd shares and the market is 0.061. Find the beta coefficient for the GMG Ltd share. (Round the final answer to 2 decimal points. If your answer is 0.978, write only 0.98)

Reference no: EM133109562

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