What is a beta of common shares of Revolve Group, Inc., if: The correlation coefficient between the common shares of Revolve Group, Inc. and the S&P 500 Index is -0.29  Standard deviation of common shares of Revolve Group, Inc.: 34.08 % Standard deviation of S&P 500 Index: 8.5% show answer with 4 digits after a decimal point.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
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12) What is a beta of common shares of Revolve Group, Inc., if:

  • The correlation coefficient between the common shares of Revolve Group, Inc. and the S&P 500 Index is -0.29 
  • Standard deviation of common shares of Revolve Group, Inc.: 34.08 %
  • Standard deviation of S&P 500 Index: 8.5%

show answer with 4 digits after a decimal point.    

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