Question

In: Finance

Innovative Tech, Inc.'s (ITI) annual stock returns for the last five years are: -6%, 49%, 12%,...

Innovative Tech, Inc.'s (ITI) annual stock returns for the last five years are: -6%, 49%, 12%, -3%, and 45%. The S&P 500 Index's annual returns for the last five years are: -5%, 22%, 12%, 2%, and 14%. What is ITI's beta coefficient?

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

ONLY FORMULA IS USED. NO EXCEL FUNCTION IS USED. THANK YOU


Related Solutions

Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%,...
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%, –8%, 9%, 16%, –3%, 3%, and 35%. The Market Index’s annual returns for the same ten years are: 10%, 22%, 9%, 13%, –7%, 8%, 15%, –13%, –12%, and 18%. What is Deep Value’s beta coefficient? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%,...
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%, –8%, 9%, 16%, –3%, –2%, and 5%. The Market Index’s annual returns for the same ten years are: 10%, 22%, 9%, 13%, –7%, 8%, 15%, –13%, –12%, and 18%. What is Deep Value’s beta coefficient? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%,...
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%, –8%, 9%, 16%, –3%, –2%, and 15%. The Market Index’s annual returns for the same ten years are: 10%, 22%, 9%, 13%, –7%, 8%, 15%, –13%, –12%, and 18%. What is Deep Value’s beta coefficient?
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%,...
Deep Value, Inc.’s annual stock returns for the last ten years are: –5%, 15%, 11%, 18%, –8%, 9%, 16%, –3%, –2%, and 45%. The Market Index’s annual returns for the same ten years are: 10%, 22%, 9%, 13%, –7%, 8%, 15%, –13%, –12%, and 18%. What is Deep Value’s beta coefficient? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad...
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $110,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible. Required: Prepare the November adjusting entry for bad debts. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $94,400, aged as follows: (1) 1–30 days old, $79,000; (2) 31–90 days old,...
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad...
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $100,000 and estimated that ½ of 1 percent of those sales would be uncollectible. Required: Prepare the November adjusting entry for bad debts. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $89,000, aged as follows: (1) 1–30 days old, $75,000; (2) 31–90 days old,...
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad...
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $120,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible. Required: Prepare the November adjusting entry for bad debts. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $97,700, aged as follows: (1) 1–30 days old, $82,000; (2) 31–90 days old,...
Returns for a firm’s stock and the S&P 500 index for the last four years are...
Returns for a firm’s stock and the S&P 500 index for the last four years are given in the table below. Estimate the firm’s equity beta coefficient. Please show work. First row is individual stock returns second row is SP500 returns Y1 Y2 Y3 Y4 -.01 .25 .18 .14 .03 .17 .12 .08
The last four years of returns for a stock are as shown​ here: Years 1 2...
The last four years of returns for a stock are as shown​ here: Years 1 2 3 4 Return -4.2% +28.3% +12.2% +3.9% a. What is the average annual​ return? b. What is the variance of the​ stock's returns? c. What is the standard deviation of the​ stock's returns?
Which of the following returns will give you the highest dollar amount after 6 years? 49%...
Which of the following returns will give you the highest dollar amount after 6 years? 49% total return 6.9% annual return 3.4% semiannual return 0.55% monthly return
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT