Use the following data to answer the questions that follow. Company Beta Savoy Corp. 0.69 Hokie Industries 1.18 Graham Records 2.11 Expo Enterprises 0.51 S&P 500 1.00 a. If the S&P 500 goes up by 7.53 percent, how much should the stocks of Savoy, Hokie, Graham, and Expo change in value? b. If the stock market drops by 13.31 percent, which one of these stocks should outperform the others? Why? a. If the S&P 500 goes up by 7.53 percent, the stock of Savoy would change in value by nothing%. (Round to two decimal places.)
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