Apple Inc. annual stock return for the last five years are: -5.39%, 48.46%, 12.48%, -3.01%, and 50.91%. The s&p 500 index's annuap returns for the last five years are: -4.64%, 21.80%, 12.01%, 1.19%, and 13.46%. what is apple's veta coefficient?
Hence, Beta of the stock is 2.29
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