Date Open High Low Close Adj Close Volume

### 60.11 64.1 58.8 62.14 58.8779 5.14E+08

1/1/2017 62.79 65.91 61.95 64.65 61.25614 4.93E+08
2/1/2017 64.36 65.24 62.75 63.98 60.62132 4.41E+08
3/1/2017 64.13 66.19 63.62 65.86 62.78093 4.89E+08
4/1/2017 65.81 69.14 64.85 68.46 65.25936 4.33E+08
5/1/2017 68.68 70.74 67.14 69.84 66.57487 5.17E+08
6/1/2017 70.24 72.89 68.09 68.93 66.08405 6.3E+08
7/1/2017 69.33 74.42 68.02 72.7 69.69839 4.7E+08
8/1/2017 73.1 74.96 71.28 74.77 71.68291 4.44E+08
9/1/2017 74.71 75.97 72.92 74.49 71.79497 3.76E+08
### 74.71 86.2 73.71 83.18 80.17058 4.5E+08
### 83.68 85.06 82.24 84.17 81.12474 4.22E+08
### 83.6 87.5 80.7 85.54 82.85923 4.66E+08
1/1/2018 86.13 95.45 85.5 95.01 92.03246 5.74E+08
2/1/2018 94.79 96.07 83.83 93.77 90.8313 7.26E+08
3/1/2018 93.99 97.24 87.08 91.27 88.82495 7.51E+08
4/1/2018 90.47 97.9 87.51 93.52 91.01467 6.68E+08
5/1/2018 93.21 99.99 92.45 98.84 96.19215 5.09E+08
6/1/2018 99.28 102.69 97.26 98.61 96.38429 6.03E+08
7/1/2018 98.1 111.15 98 106.08 103.6857 5.69E+08
8/1/2018 106.03 112.78 104.84 112.33 109.7946 4.57E+08
9/1/2018 110.85 115.29 107.23 114.37 112.2188 4.8E+08
### 114.75 116.18 100.11 106.81 104.801 9.28E+08
### 107.05 112.24 99.35 110.89 108.8042 7.2E+08
### 113 113.42 93.96 101.57 100.0901 9.44E+08
1/1/2019 99.55 107.9 97.2 104.43 102.9084 7.14E+08
2/1/2019 103.78 113.24 102.35 112.03 110.3977 4.69E+08
3/1/2019 112.89 120.82 108.8 117.94 116.7179 5.89E+08
4/1/2019 118.95 131.37 118.1 130.6 129.2467 4.33E+08
5/1/2019 130.53 130.65 123.04 123.68 122.3984 5.47E+08
6/1/2019 123.85 138.4 119.01 133.96 133.0626 5.08E+08
7/1/2019 136.63 141.68 134.67 136.27 135.3572 4.84E+08
8/1/2019 137 140.94 130.78 137.86 136.9365 5.84E+08
9/1/2019 136.61 142.37 134.51 139.03 138.5585 4.73E+08
### 139.66 145.67 133.22 143.37 142.8838 5.5E+08
### 144.26 151.33 142.97 149.59 149.0827 3.18E+08
### 150 151.35 149.92 151.23 151.23 22428585
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.080471
R Square 0.006476
Adjusted R-0.022746
Standard E 0.073775
Observatio 36

ANOVA
df SS MS F Significance F
Regression 1 0.001206 0.001206 0.221606 0.640825
Residual 34 0.185052 0.005443
Total 35 0.186258

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept -0.020808 0.047392 -0.439063 0.663394 -0.11712 0.075504 -0.11712 0.075504
X Variable 0.000215 0.000457 0.47075 0.640825 -0.000714 0.001145 -0.000714 0.001145

RESIDUAL OUTPUT

ObservationPredicted Y Residuals
1 -0.007622 0.059011
2 -0.007759 0.038128
3 -0.007294 -0.016636
4 -0.006761 -0.072773
5 -0.006477 -0.041311
6 -0.006583 0.024291
7 -0.005805 -0.053741
8 -0.005378 -0.005958
9 -0.005354 0.030403
10 -0.003551 0.065447
11 -0.003345 -0.02872
12 -0.002972 0.042091
13 -0.000997 0.068003
14 -0.001256 -0.04682
15 -0.001688 -0.004019
16 -0.001216 -0.053988
17 -0.000102 -0.025078
18 -6.06E-05 -0.000358
19 0.001511 0.035926
20 0.002826 0.007869
21 0.003348 0.040096
22 0.001751 -0.238376
23 0.002613 0.07397
24 0.000737 -0.074385
25 0.001344 0.181202
26 0.002956 0.024644
27 0.004316 0.029087
28 0.007013 -0.012896
29 0.005539 -0.100214
30 0.007835 0.090977
31 0.008329 0.066653
32 0.008669 -0.094408
33 0.009018 0.076597
34 0.009949 -0.090337
35 0.011283 -0.006722
36 0.011745 0.012342
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.108896
R Square 0.011858
Adjusted R-0.017205
Standard E 0.081138
Observatio 36

ANOVA
df SS MS F Significance F
Regression 1 0.002686 0.002686 0.408026 0.527253
Residual 34 0.223833 0.006583
Total 35 0.22652

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.050591 0.052122 0.970622 0.338591 -0.055334 0.156516 -0.055334 0.156516
X Variable -0.000321 0.000503 -0.638769 0.527253 -0.001343 0.000701 -0.001343 0.000701

RESIDUAL OUTPUT

ObservationPredicted Y Residuals
1 0.030913 0.101812
2 0.031117 0.008938
3 0.030423 0.017607
4 0.029627 0.028099
5 0.029204 -0.021151
6 0.029362 -0.032531
7 0.028201 0.092808
8 0.027564 -0.011493
9 0.027528 -0.033924
10 0.024837 0.028947
11 0.02453 -0.040525
12 0.023973 -0.028037
13 0.021026 0.03808
14 0.021412 -0.067268
15 0.022057 -0.125971
16 0.021353 0.055059
17 0.01969 0.09531
18 0.019628 -0.006384
19 0.017283 -0.12916
20 0.015321 0.002932
21 0.014542 -0.078674
22 0.016925 -0.093965
23 0.015639 -0.089293
24 0.018438 -0.086143
25 0.017533 0.254037
26 0.015127 -0.046562
27 0.013097 0.019359
28 0.009072 0.151166
29 0.011272 -0.09364
30 0.007846 0.079662
31 0.007109 -0.000736
32 0.006602 -0.050673
33 0.00608 -0.046959
34 0.004691 0.071511
35 0.0027 0.039774
36 0.00201 -0.00201
Date MSFT FB IBM sandp R_MSFT R_FB R_IBM R_Sp
### 58.8779 115.05 145.8804 2238.83
1/1/2017 61.25614 130.32 153.3771 2278.87 0.040393 0.132725 0.051389 0.017884
2/1/2017 60.62132 135.54 158.035 2363.64 -0.010363 0.040055 0.030369 0.037198
3/1/2017 62.78093 142.05 154.2532 2362.72 0.035625 0.04803 -0.02393 -0.000389
4/1/2017 65.25936 150.25 141.9848 2384.2 0.039477 0.057726 -0.079534 0.009091
5/1/2017 66.57487 151.46 135.1996 2411.8 0.020158 0.008053 -0.047788 0.011576
6/1/2017 66.08405 150.98 137.5937 2423.41 -0.007372 -0.003169 0.017708 0.004814
7/1/2017 69.69839 169.25 129.4005 2470.3 0.054693 0.121009 -0.059546 0.019349
8/1/2017 71.68291 171.97 127.9336 2471.65 0.028473 0.016071 -0.011336 0.000546
9/1/2017 71.79497 170.87 131.1383 2519.36 0.001563 -0.006396 0.02505 0.019303
### 80.17058 180.06 139.2554 2575.26 0.11666 0.053784 0.061897 0.022188
### 81.12474 177.18 134.7901 2584.84 0.011902 -0.015995 -0.032065 0.00372
### 82.85923 176.46 140.063 2673.61 0.021381 -0.004064 0.039119 0.034343
1/1/2018 92.03246 186.89 149.448 2823.81 0.110709 0.059107 0.067006 0.056179
2/1/2018 90.8313 178.32 142.2632 2713.83 -0.013051 -0.045856 -0.048076 -0.038947
3/1/2018 88.82495 159.79 141.4512 2640.87 -0.022089 -0.103914 -0.005707 -0.026884
4/1/2018 91.01467 172 133.6425 2648.05 0.024652 0.076413 -0.055204 0.002719
5/1/2018 96.19215 191.78 130.2775 2705.27 0.056886 0.115 -0.02518 0.021608
6/1/2018 96.38429 194.32 130.2229 2718.37 0.001997 0.013244 -0.000419 0.004842
7/1/2018 103.6857 172.58 135.0981 2816.29 0.075753 -0.111877 0.037437 0.036022
8/1/2018 109.7946 175.73 136.5429 2901.52 0.058918 0.018252 0.010695 0.030263
9/1/2018 112.2188 164.46 142.4749 2913.98 0.022079 -0.064132 0.043444 0.004294
### 104.801 151.79 108.7618 2711.74 -0.066101 -0.07704 -0.236625 -0.069403
### 108.8042 140.61 117.0911 2760.17 0.038199 -0.073654 0.076583 0.017859
### 100.0901 131.09 108.4676 2506.85 -0.08009 -0.067705 -0.073648 -0.091777
1/1/2019 102.9084 166.69 128.2679 2704.1 0.028158 0.271569 0.182546 0.078684
2/1/2019 110.3977 161.45 131.8081 2784.49 0.072776 -0.031436 0.0276 0.029729
3/1/2019 116.7179 166.69 136.211 2834.4 0.05725 0.032456 0.033403 0.017924
4/1/2019 129.2467 193.4 135.4097 2945.83 0.107343 0.160238 -0.005882 0.039313
5/1/2019 122.3984 177.47 122.5898 2752.06 -0.052986 -0.082368 -0.094675 -0.065778
6/1/2019 133.0626 193 134.7031 2941.76 0.087127 0.087508 0.098811 0.06893
7/1/2019 135.3572 194.23 144.8034 2980.38 0.017244 0.006373 0.074982 0.013128
8/1/2019 136.9365 185.67 132.3881 2926.46 0.011668 -0.044071 -0.085739 -0.018092
9/1/2019 138.5585 178.08 143.7225 2976.74 0.011845 -0.040879 0.085615 0.017181
### 142.8838 191.65 132.1689 3037.56 0.031216 0.076202 -0.080388 0.020432
### 149.0827 199.79 132.7718 3110.29 0.043384 0.042473 0.004561 0.023944
### 151.23 199.79 135.97 3133.64 0.014403 0 0.024088 0.007507

0.044545 0.080449 0.07295 0.034779

Total risk 0.001984 0.006472 0.005322 0.00121

Market risk 0.122% 3.487%

Firm Specifi 0.077% 2.772%
0.001208
SUMMARY OUTPUT on the regression of SQUARE and DSEX

Regression Statistics
Multiple R 0.629277 Standard deviation of DSEX Index Return 0.034
R Square 0.39599 Average return of DSEX 0.11
Adjusted R Square 0.395445 US Treasury bill 0.06
Standard Error 0.019913
Observations 36

ANOVA
df SS MS F Significance F
Regression 1 0.10063 0.10063 39.95663 3.30738E-07
Residual 34 0.085628 0.002518
Total 35 0.186258

Coefficients
Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%
Intercept -0.01465 0.008711 -1.68171 0.10179 -0.032352667 0.003054 -0.032353
DSEX 1.23 0.2439 6.321125 3.307E-07 1.0460596913 2.03739 1.04606

RESIDUAL OUTPUT

Observation Predicted Y Residuals

1 0.012923 0.038466
2 0.0427 -0.012331
3 -0.01525 -0.00868
4 -0.000633 -0.0789
5 0.003198 -0.050986
6 -0.007228 0.024936
7 0.015181 -0.074727
8 -0.013807 0.002471
9 0.01511 0.009939
10 0.019558 0.042338
11 -0.008914 -0.023151
12 0.038297 0.000822
13 0.071963 -0.004957
14 -0.074696 0.02662
15 -0.056098 0.050391
16 -0.010458 -0.044746
17 0.018665 -0.043844
18 -0.007184 0.006765
19 0.040886 -0.003448
20 0.032008 -0.021313
21 -0.008029 0.051473
22 -0.12165 -0.114974
23 0.012885 0.063698
24 -0.156144 0.082496
25 0.10666 0.075886
26 0.031184 -0.003584
27 0.012985 0.020419
28 0.045961 -0.051843
29 -0.116061 0.021386
30 0.091622 0.00719
31 0.00559 0.069392
32 -0.042542 -0.043198
33 0.011839 0.073776
34 0.016851 -0.097238
35 0.022265 -0.017703
36 -0.003075 0.027163
 Variance of SQUARE Market
0.00517384040791165 0.001176
0.0729497389958749 0.034779

Total risk
1) Adjusted Beta 1.1541
Expected Return = 0.117705

2) Systmatic risk 0.001749 0.04182 0.000605

3) Non-systematic risk 0.003425 0.058523 0.000397

4) Percentage of firm- specific risk 0.60401

Upper 95.0% 5) Correlation 0.629277
0.00305354825 6) Covariance 0.001597
2.03739010807
0.001001
 Question No 05
Do 10 Face value 10
G 1-2 0.12 Dividend 2 0.16
G3-6 0.08 g 0.2
D7 0.04 D4 4.1472 0.057143
k 0.12 New growth rate 0.03 0.107143
D5 4.271616
D1 11.2 10.000 P4 35.5668
D2 12.544 10.000 P0 22.60334
D3 13.54752 9.642857
D4 14.63132 9.298469 Intrinsic Value 22.60
D5 15.80183 8.966381 Market Value 27
D6 17.06597 8.646153 Recommendation Sell
D7 17.74861
P6 147.8651 74.91306

Intrinsic value 131.467

Question No 05
R_IBM R_Sp

0.051389 0.017884
0.030369 0.037198
-0.02393 -0.000389
-0.079534 0.009091
-0.047788 0.011576
0.017708 0.004814
-0.059546 0.019349
-0.011336 0.000546
0.02505 0.019303
0.061897 0.022188
-0.032065 0.00372
0.039119 0.034343
0.067006 0.056179
-0.048076 -0.038947
-0.005707 -0.026884
-0.055204 0.002719
-0.02518 0.021608
-0.000419 0.004842
0.037437 0.036022
0.010695 0.030263
0.043444 0.004294
-0.236625 -0.069403
0.076583 0.017859
-0.073648 -0.091777
0.182546 0.078684
0.0276 0.029729
0.033403 0.017924
-0.005882 0.039313
-0.094675 -0.065778
0.098811 0.06893
0.074982 0.013128
-0.085739 -0.018092
0.085615 0.017181
-0.080388 0.020432
0.004561 0.023944
0.024088 0.007507

0.07295 0.034779

0.005174 0.001176
0.07295 0.034779
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.782776
R Square 0.612738
Adjusted R 0.601348
Standard E 0.028125
Observatio 36

ANOVA
df SS MS F Significance F
Regression 1 0.042555 0.042555 53.79593 1.691E-08
Residual 34 0.026895 0.000791
Total 35 0.06945

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.01749 0.004882 3.582551 0.001052 0.007569 0.027412 0.007569 0.027412
X Variable 1.002577 0.136692 7.334571 1.691E-08 0.724786 1.280369 0.724786 1.280369

RESIDUAL OUTPUT

ObservationPredicted Y Residuals
1 0.035421 0.004972
2 0.054784 -0.065148
3 0.0171 0.018525
4 0.026605 0.012872
5 0.029096 -0.008938
6 0.022316 -0.029689
7 0.036889 0.017804
8 0.018038 0.010435
9 0.036843 -0.03528
10 0.039736 0.076925
11 0.02122 -0.009318
12 0.051921 -0.030541
13 0.073814 0.036895
14 -0.021557 0.008506
15 -0.009464 -0.012625
16 0.020216 0.004436
17 0.039154 0.017732
18 0.022345 -0.020348
19 0.053605 0.022148
20 0.047831 0.011086
21 0.021796 0.000283
22 -0.052092 -0.014009
23 0.035396 0.002803
24 -0.074523 -0.005567
25 0.096377 -0.068219
26 0.047296 0.02548
27 0.035461 0.021789
28 0.056905 0.050438
29 -0.048457 -0.004529
30 0.086598 0.000529
31 0.030652 -0.013408
32 -0.000648 0.012316
33 0.034716 -0.022871
34 0.037975 -0.006758
35 0.041496 0.001889
36 0.025017 -0.010614
R_MSFT R_Sp

0.040393 0.017884
-0.010363 0.037198
0.035625 -0.000389
0.039477 0.009091
0.020158 0.011576
-0.007372 0.004814
0.054693 0.019349
0.028473 0.000546
0.001563 0.019303
0.11666 0.022188
0.011902 0.00372
0.021381 0.034343
0.110709 0.056179
-0.013051 -0.038947
-0.022089 -0.026884
0.024652 0.002719
0.056886 0.021608
0.001997 0.004842
0.075753 0.036022
0.058918 0.030263
0.022079 0.004294
-0.066101 -0.069403
0.038199 0.017859
-0.08009 -0.091777
0.028158 0.078684
0.072776 0.029729
0.05725 0.017924
0.107343 0.039313
-0.052986 -0.065778
0.087127 0.06893
0.017244 0.013128
0.011668 -0.018092
0.011845 0.017181
0.031216 0.020432
0.043384 0.023944
0.014403 0.007507

0.044545 0.034779

0.001984 0.00121

0.122%
0.077%
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.782776
R Square 0.612738 Standard deviation of S&P500 Index Return 0.034
Adjusted R Square 0.601348 Average return of S&P500 0.15
Standard Error 0.028125 US Treasury bill 0.06
Observations 36

ANOVA
df SS MS F Significance F
Regression 1 0.042555 0.04255487 53.79593 1.6908866E-08
Residual 34 0.026895 0.00079104
Total 35 0.06945

Coefficients
Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.01749 0.004882 3.582551 0.001052 0.007568709 0.027412 0.007569 0.027412
S&P500 1.002577 0.136692 7.33457081 1.691E-08 0.7247857015 1.280369 0.724786 1.280369

RESIDUAL OUTPUT

Observation Predicted Y Residuals

1 0.035421 0.004972
2 0.054784 -0.065148
3 0.0171 0.018525
4 0.026605 0.012872
5 0.029096 -0.008938
6 0.022316 -0.029689
7 0.036889 0.017804
8 0.018038 0.010435
9 0.036843 -0.03528
10 0.039736 0.076925
11 0.02122 -0.009318
12 0.051921 -0.030541
13 0.073814 0.036895
14 -0.021557 0.008506
15 -0.009464 -0.012625
16 0.020216 0.004436
17 0.039154 0.017732
18 0.022345 -0.020348
19 0.053605 0.022148
20 0.047831 0.011086
21 0.021796 0.000283
22 -0.052092 -0.014009
23 0.035396 0.002803
24 -0.074523 -0.005567
25 0.096377 -0.068219
26 0.047296 0.02548
27 0.035461 0.021789
28 0.056905 0.050438
29 -0.048457 -0.004529
30 0.086598 0.000529
31 0.030652 -0.013408
32 -0.000648 0.012316
33 0.034716 -0.022871
34 0.037975 -0.006758
35 0.041496 0.001889
36 0.025017 -0.010614

0.027721
Upper 95.0%
R_MSFT R_Sp

0.040393 0.017884
-0.010363 0.037198
0.035625 -0.000389
0.039477 0.009091
0.020158 0.011576
-0.007372 0.004814
0.054693 0.019349
0.028473 0.000546
0.001563 0.019303
0.11666 0.022188
0.011902 0.00372
0.021381 0.034343
0.110709 0.056179
-0.013051 -0.038947
-0.022089 -0.026884
0.024652 0.002719
0.056886 0.021608
0.001997 0.004842
0.075753 0.036022
0.058918 0.030263
0.022079 0.004294
-0.066101 -0.069403
0.038199 0.017859
-0.08009 -0.091777
0.028158 0.078684
0.072776 0.029729
0.05725 0.017924
0.107343 0.039313
-0.052986 -0.065778
0.087127 0.06893
0.017244 0.013128
0.011668 -0.018092
0.011845 0.017181
0.031216 0.020432
0.043384 0.023944
0.014403 0.007507