What is the beta of a stock with the following?

Question by NoeNoe: What is the beta of a stock with the following?
The standard deviation of a market index is 8%. What is the beta of a stock whose covariance with market index is 0.006. The answer is 0.94, but how do you get it?


Answer
Answer by aaronchallAccording to wikipedia, the formula works like this.

.006/.08=.075

If the beta is really .94, then there's probably something wrong with your covariance figure, which I would

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