ecurity analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the ndard & Poor's 500 stock index over the same period. The resulting regression equation is rEM= 0.09 +0.81rsp. Use this equation any other information you deem appropriate to estimate Exxon Mobil's equity beta. (Round your answer to 2 decimal places.) imated Exxon Mobil's equity beta

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A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the
Standard & Poor's 500 stock index over the same period. The resulting regression equation is TEM= 0.09 +0.81rSp. Use this equation
and any other information you deem appropriate to estimate Exxon Mobil's equity beta. (Round your answer to 2 decimal places.)
Estimated Exxon Mobil's equity beta
c
Transcribed Image Text:A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the Standard & Poor's 500 stock index over the same period. The resulting regression equation is TEM= 0.09 +0.81rSp. Use this equation and any other information you deem appropriate to estimate Exxon Mobil's equity beta. (Round your answer to 2 decimal places.) Estimated Exxon Mobil's equity beta c
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