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

question 26

Multiple Choice

Exhibit 6.3
Use the Information Below for the Following Problem(S)
$$\begin{array} { l l c c c } \text { Stack } & \mathrm { R } _ { \mathrm { it } } & \mathrm { R } _ { \text {mt } } & \mathrm { a } _ { \mathbf { i } } & \text { Beta } \\\hline \text { Elliat } & 9.9 & 15.0 & 0 & 0.8 \\\text { Hemlick } & 9.1 & 0.0 & 0 & 1 .1\end{array}$$
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 Hemlick when you consider its systematic risk measure (beta) ?

• A) 0.1%
• B) 0.3%
• C) 0.5%
• D) 1.5%
• E) 3.0%

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Definitions:

Beneficiary

An individual or entity entitled to benefits or proceeds from a will, insurance policy, retirement account, or other contractual arrangement.

Terminate

To bring something to an end or conclusion, effectively stopping its continuation or existence.

Voidable

A term referring to a contract or transaction that is valid and enforceable but may be declared void by one party due to certain defects.

Minor

An individual under the age of legal adulthood, typically under 18, and thus is limited in their legal capacity to make certain types of decisions or enter into contracts.