Find what is the beta of the stock

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Reference no: EM133002612

Problem 1: You are trying to calculate the beta for a stock by using data for the last 30 years. You find that the covariance of the stock and market returns per month is 0.000006 (this is a number, not a percentage), and the standard deviation of market returns per month is 0.0040 (this is a number, not a percentage). What is the beta of the stock?

Reference no: EM133002612

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