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One way to calculate a stock's beta is to
a. calculate the stock's coefficient of variation.
b. calculate both the stock's mean return and the std.dev. of the returns.
c. regress the stock's past returns against the risk-free rate.
d. regress the stock's past returns against past market return.
e. draw a trend line using past measures of the stock's beta.
Prepare journal entries to record the April purchases of trading securities by Business Solutions and prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities.
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