You Observe That AT&T Stock and the S&P 500 Have

question 60

Multiple Choice

You observe that AT&T stock and the S&P 500 have the following weekly returns:
If this pattern of stock returns is typical of AT&T stock,and you calculated a beta against the S&P 500,which of the following is true?

• A)AT&T's beta is negative
• B)AT&T's beta is zero
• C)AT&T's beta is positive
• D)Cannot be determined from information given.

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