Bob's Beer Garden sells very expensive luxury beer and when the market is doing well, stock traders will come to Bob's and buy his expensive beer in large quantities, but when the market is doing badly, Bob can't sell any beer.  Bob's Beer Garden went public a few years ago, what would you estimate the Beta is? a) Less than 1 b) 1 c) Greater than 1

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 43P
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Bob's Beer Garden sells very expensive luxury beer and when the market is doing well, stock traders will come to Bob's and buy his expensive beer in large quantities, but when the market is doing badly, Bob can't sell any beer.  Bob's Beer Garden went public a few years ago, what would you estimate the Beta is?

a) Less than 1

b) 1

c) Greater than 1

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