1. A stock has a covariance with the market of 0.00985. The standard deviation of the market is 15% and the standard deviation of the stock is 21%. What is the stock's beta?
2. Suppose you own a stock worth $65. You sell a call X = $70 and you buy a put X = $60. What have you accomplished?
3. A stock has a covariance with the market of 0.00985. The standard deviation of the market is 15% and the standard deviation of the stock is 21%. What is the stock's beta?
A. 1.000
B. 0.438
C. 0.313
D. 0.066