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02
0.15 0.2 0.03
0.2 0.2 0.04
0.04 0.2 0.008
-0.01 0.2 -0.002
Average 0.10
0.10
rf 4.13% rf 0
B 2.1 B 0.9
rm - rf 7.91% rm 11%
R 0.207 R 10.35%
R 0.115
B 1.32
market 5%
Stock 3%
0.066
rf 0%
B 1.16
market 5%
stock price 3%
-0.028
-0.028
squared
Deviation Product of
Deviation deviation
from average from deviations
Market return Stock return average from the from
market average
stock return average
return returns
market return
Beta 0.368
1
Covariance
Returns -0.06 market return 0.1
0.15 0.1
0.15 0.16
Average 0.12
rf 0.04
B 0.367532468
3 141
b 1.5 b 1.7
rm 16% rm 16%
rf 7% rf 6%
r 0.205 r 0.23
PV 80.6 PV 162.6
CEQ3 98.721 CEQ1 172.358