Which of the following is used to measure the covariance between the rate of return on a company's stock and the overall market return?
A) Market risk premium
B) Risk-free rate
C) Beta
D) Expected return on the market
Answer: C
Which of the following is used to measure the covariance between the rate of return on a company's stock and the overall market return?
A) Market risk premium
B) Risk-free rate
C) Beta
D) Expected return on the market
Answer: C