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The Common Stock of Blasco Books Has a Standard Deviation

question 51

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The common stock of Blasco Books has a standard deviation of 16.4 percent as compared to the market standard deviation of 12.7 percent.The covariance of this stock with the market is .0217.What is the beta of Blasco Books' stock?


Definitions:

Pharmaceutical Company

A commercial business licensed to research, develop, market, and/or distribute drugs, most commonly in the context of healthcare.

Ethnocentric Staffing Model

A staffing approach used by multinational companies that primarily uses parent country nationals to staff higher-level foreign positions.

International Business

The carrying out of trade and investment activities by firms across national borders, encompassing the management of international operations.

Host-Country Nationals

Individuals who are citizens of the country in which a foreign subsidiary is located and are employed by the subsidiary.

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