Hanratty Inc.'s stock and the stock market have generated the following returns over the past five years: Year Hanratty Market (r M) 1 13.00% 9.00% 2 18.00% 15.00% 3 -5.00% -2.00% 4 23.00% 19.00% 5 6.00% 12.00% ? What is the estimated beta of Hanratty Inc.'s stock?
A. 1.65837
B. 0.89297
C. 1.27567
D. 1.46702
E. 0.95675
Answer: C
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