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Use the following information to answer the question(s) below.
Suppose that the market portfolio is equally likely to increase by 24% or decrease by 8%.Security "X" goes up on average by 29% when the market goes up and goes down by 11% when the market goes down.Security "Y" goes down on average by 16% when the market goes up and goes up by 16% when the market goes down.Security "Z" goes up on average by 4% when the market goes up and goes up by 4% when the market goes down.
-The beta for security "Z" is closest to:
Consciousness-Raising
A form of activism that aims to increase awareness and foster understanding of societal issues, especially regarding gender equality and women's rights.
Kwanzaa
An annual celebration of African-American culture that lasts from December 26 to January 1, culminating in a communal feast called Karamu, usually on the sixth day.
African Heritage
The cultures, traditions, languages, and history of the African continent and its people, including those diaspora communities formed through historic movements like slavery and migration.
Cultural Pride
Cultural pride involves the appreciation, celebration, and affirmation of one's heritage, traditions, and shared cultural identity.
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