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Exhibit 63
Use the Information Below for the Following Problem(S)

question 90

Multiple Choice

Exhibit 6.3
Use the Information Below for the Following Problem(S)
 Stack RitRmt ai Beta  Elliat 9.915.000.8 Hemlick 9.10.001.1\begin{array} { l l c c c } \text { Stack } & \mathrm { R } _ { \mathrm { it } } & \mathrm { R } _ { \text {mt } } & \mathrm { a } _ { \mathbf { i } } & \text { Beta } \\\hline \text { Elliat } & 9.9 & 15.0 & 0 & 0.8 \\\text { Hemlick } & 9.1 & 0.0 & 0 & 1 .1\end{array}
R?t = return for stock i during period t
Rmt = return for the aggregate market during period t
-Refer to Exhibit 6.3.What is the abnormal rate of return for Elliot during period t using only the aggregate market return (ignore differential systematic risk) ?


Definitions:

Intermittent Tube Feedings

Scheduled feedings delivered through a tube into the stomach or small intestine at specific times, rather than continuously.

Brown Aspirate

The removal of brown-colored fluid from the body, typically during a medical procedure, indicating possible bleeding or infection.

Red Aspirate

A medical term referring to the withdrawal of fluid containing blood through suction or aspiration, often indicating bleeding within the body.

Continuous Tube Feeding

A method of delivering nutrition directly into the stomach or intestine through a tube, used when a person is unable to eat by mouth.

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