Consider monthly returns of Cisco Systems stock (CSCO), S&P 500 index, and T-Bill from Jan...

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Accounting

Consider monthly returns of Cisco Systems stock (CSCO), S&P 500 index, and T-Bill from Jan 1994 until Nov 2005 (provided in CSCO_returns.xls). Calculate the CAPM beta for Cisco Systems (provide 4 digits after the decimal point).

Date CSCO S&P500 T-Bill

Nov-05 0.17% -0.35% 0.32%

Oct-05 -2.62% -1.77% 0.32%

Sep-05 1.70% 0.69% 0.29%

Aug-05 -7.99% -1.12% 0.29%

Jul-05 0.37% 3.60% 0.28%

Jun-05 -1.65% -0.01% 0.26%

May-05 12.33% 3.00% 0.24%

Apr-05 -3.47% -2.01% 0.24%

Mar-05 2.70% -1.91% 0.23%

Feb-05 -3.44% 1.89% 0.22%

Jan-05 -6.63% -2.53% 0.20%

Dec-04 3.04% 3.25% 0.18%

Nov-04 -2.39% 3.86% 0.18%

Oct-04 6.13% 1.40% 0.16%

Sep-04 -3.52% 0.94% 0.14%

Aug-04 -10.33% 0.23% 0.13%

Jul-04 -11.73% -3.43% 0.12%

Jun-04 5.95% 1.80% 0.11%

May-04 6.98% 1.21% 0.09%

Apr-04 -11.29% -1.68% 0.08%

Mar-04 1.77% -1.64% 0.08%

Feb-04 -9.92% 1.22% 0.08%

Jan-04 6.11% 1.73% 0.08%

Dec-03 6.74% 5.08% 0.08%

Nov-03 8.46% 0.71% 0.08%

Oct-03 6.84% 5.50% 0.08%

Sep-03 2.35% -1.19% 0.08%

Aug-03 -1.80% 1.79% 0.08%

Jul-03 16.08% 1.62% 0.08%

Jun-03 2.32% 1.13% 0.07%

May-03 9.40% 5.09% 0.09%

Apr-03 15.56% 8.10% 0.09%

Mar-03 -7.15% 0.84% 0.09%

Feb-03 4.56% -1.70% 0.10%

Jan-03 2.06% -2.74% 0.10%

Dec-02 -12.20% -6.03% 0.10%

Nov-02 33.45% 5.71% 0.10%

Oct-02 6.68% 8.64% 0.12%

Sep-02 -24.17% -11.00% 0.13%

Aug-02 4.78% 0.49% 0.14%

Jul-02 -5.45% -7.90% 0.14%

Jun-02 -11.60% -7.25% 0.14%

May-02 7.71% -0.91% 0.14%

Apr-02 -13.47% -6.14% 0.14%

Mar-02 18.64% 3.67% 0.15%

Feb-02 -27.93% -2.08% 0.14%

Jan-02 9.33% -1.56% 0.14%

Dec-01 -11.40% 0.76% 0.14%

Nov-01 20.80% 7.52% 0.14%

Oct-01 38.92% 1.81% 0.17%

Sep-01 -25.41% -8.17% 0.19%

Aug-01 -15.04% -6.41% 0.27%

Jul-01 5.60% -1.07% 0.29%

Jun-01 -5.50% -2.50% 0.30%

May-01 13.43% 0.51% 0.30%

Apr-01 7.40% 7.68% 0.32%

Mar-01 -33.26% -6.42% 0.35%

Feb-01 -36.73% -9.23% 0.39%

Jan-01 -2.12% 3.46% 0.40%

Dec-00 -20.11% 0.41% 0.48%

Nov-00 -11.14% -8.01% 0.50%

Oct-00 -2.48% -0.49% 0.51%

Sep-00 -19.48% -5.35% 0.50%

Aug-00 4.86% 6.07% 0.51%

Jul-00 2.96% -1.63% 0.50%

Jun-00 11.63% 2.39% 0.48%

May-00 -17.87% -2.19% 0.46%

Apr-00 -10.32% -3.08% 0.47%

Mar-00 16.96% 9.67% 0.48%

Feb-00 20.73% -2.01% 0.47%

Jan-00 2.22% -5.09% 0.46%

Dec-99 20.09% 5.78% 0.43%

Nov-99 20.54% 1.91% 0.43%

Oct-99 7.93% 6.25% 0.41%

Sep-99 1.12% -2.86% 0.39%

Aug-99 9.11% -0.63% 0.40%

Jul-99 -3.57% -3.20% 0.39%

Jun-99 18.24% 5.44% 0.39%

May-99 -4.42% -2.50% 0.38%

Apr-99 4.09% 3.79% 0.37%

Mar-99 12.02% 3.88% 0.36%

Feb-99 -12.33% -3.23% 0.38%

Jan-99 20.22% 4.10% 0.36%

Dec-98 23.14% 5.64% 0.36%

Nov-98 19.62% 5.91% 0.37%

Oct-98 1.94% 8.03% 0.35%

Sep-98 13.19% 6.24% 0.35%

Aug-98 -14.47% -14.58% 0.40%

Jul-98 4.04% -1.16% 0.41%

Jun-98 21.75% 3.94% 0.41%

May-98 3.19% -1.88% 0.41%

Apr-98 7.11% 0.91% 0.40%

Mar-98 3.83% 4.99% 0.42%

Feb-98 4.47% 7.04% 0.43%

Jan-98 13.13% 1.02% 0.42%

Dec-97 -3.03% 1.57% 0.43%

Nov-97 5.16% 4.46% 0.42%

Oct-97 12.19% -3.45% 0.42%

Sep-97 -2.99% 5.32% 0.41%

Aug-97 -5.32% -5.75% 0.42%

Jul-97 18.50% 7.81% 0.43%

Jun-97 -0.93% 4.35% 0.42%

May-97 30.96% 5.86% 0.40%

Apr-97 7.48% 5.84% 0.43%

Mar-97 -13.43% -4.26% 0.43%

Feb-97 -20.26% 0.59% 0.42%

Jan-97 9.62% 6.13% 0.42%

Dec-96 -6.23% -2.15% 0.42%

Nov-96 9.59% 7.34% 0.42%

Oct-96 -0.29% 2.61% 0.42%

Sep-96 17.75% 5.42% 0.41%

Aug-96 1.91% 1.88% 0.43%

Jul-96 -8.59% -4.57% 0.43%

Jun-96 3.45% 0.23% 0.42%

May-96 5.56% 2.29% 0.42%

Apr-96 11.84% 1.34% 0.42%

Mar-96 -2.46% 0.79% 0.42%

Feb-96 14.29% 0.69% 0.41%

Jan-96 11.33% 3.26% 0.41%

Dec-95 -11.13% 1.74% 0.41%

Nov-95 8.35% 4.10% 0.44%

Oct-95 12.53% -0.50% 0.44%

Sep-95 4.93% 4.01% 0.44%

Aug-95 17.74% -0.03% 0.44%

Jul-95 10.32% 3.18% 0.45%

Jun-95 15.64% 2.13% 0.45%

May-95 9.46% 3.63% 0.47%

Apr-95 4.72% 2.80% 0.47%

Mar-95 12.77% 2.73% 0.48%

Feb-95 1.62% 3.61% 0.48%

Jan-95 -5.13% 2.43% 0.49%

Dec-94 8.94% 1.23% 0.46%

Nov-94 7.19% -3.95% 0.46%

Oct-94 9.87% 2.08% 0.42%

Sep-94 10.14% -2.69% 0.39%

Aug-94 17.95% 3.76% 0.38%

Jul-94 -10.00% 3.15% 0.36%

Jun-94 -5.80% -2.68% 0.35%

May-94 -17.86% 1.24% 0.35%

Apr-94 -11.58% 1.15% 0.32%

Mar-94 -7.32% -4.57% 0.29%

Feb-94 1.99% -3.00% 0.28%

Jan-94 12.29% 3.25% 0.25%

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Date	CSCO	S&P500	T-Bill
Nov-05	0.17%	-0.35%	0.32%
Oct-05	-2.62%	-1.77%	0.32%
Sep-05	1.70%	0.69%	0.29%
Aug-05	-7.99%	-1.12%	0.29%
Jul-05	0.37%	3.60%	0.28%
Jun-05	-1.65%	-0.01%	0.26%
May-05	12.33%	3.00%	0.24%
Apr-05	-3.47%	-2.01%	0.24%
Mar-05	2.70%	-1.91%	0.23%
Feb-05	-3.44%	1.89%	0.22%
Jan-05	-6.63%	-2.53%	0.20%
Dec-04	3.04%	3.25%	0.18%
Nov-04	-2.39%	3.86%	0.18%
Oct-04	6.13%	1.40%	0.16%
Sep-04	-3.52%	0.94%	0.14%
Aug-04	-10.33%	0.23%	0.13%
Jul-04	-11.73%	-3.43%	0.12%
Jun-04	5.95%	1.80%	0.11%
May-04	6.98%	1.21%	0.09%
Apr-04	-11.29%	-1.68%	0.08%
Mar-04	1.77%	-1.64%	0.08%
Feb-04	-9.92%	1.22%	0.08%
Jan-04	6.11%	1.73%	0.08%
Dec-03	6.74%	5.08%	0.08%
Nov-03	8.46%	0.71%	0.08%
Oct-03	6.84%	5.50%	0.08%
Sep-03	2.35%	-1.19%	0.08%
Aug-03	-1.80%	1.79%	0.08%
Jul-03	16.08%	1.62%	0.08%
Jun-03	2.32%	1.13%	0.07%
May-03	9.40%	5.09%	0.09%
Apr-03	15.56%	8.10%	0.09%
Mar-03	-7.15%	0.84%	0.09%
Feb-03	4.56%	-1.70%	0.10%
Jan-03	2.06%	-2.74%	0.10%
Dec-02	-12.20%	-6.03%	0.10%
Nov-02	33.45%	5.71%	0.10%
Oct-02	6.68%	8.64%	0.12%
Sep-02	-24.17%	-11.00%	0.13%
Aug-02	4.78%	0.49%	0.14%
Jul-02	-5.45%	-7.90%	0.14%
Jun-02	-11.60%	-7.25%	0.14%
May-02	7.71%	-0.91%	0.14%
Apr-02	-13.47%	-6.14%	0.14%
Mar-02	18.64%	3.67%	0.15%
Feb-02	-27.93%	-2.08%	0.14%
Jan-02	9.33%	-1.56%	0.14%
Dec-01	-11.40%	0.76%	0.14%
Nov-01	20.80%	7.52%	0.14%
Oct-01	38.92%	1.81%	0.17%
Sep-01	-25.41%	-8.17%	0.19%
Aug-01	-15.04%	-6.41%	0.27%
Jul-01	5.60%	-1.07%	0.29%
Jun-01	-5.50%	-2.50%	0.30%
May-01	13.43%	0.51%	0.30%
Apr-01	7.40%	7.68%	0.32%
Mar-01	-33.26%	-6.42%	0.35%
Feb-01	-36.73%	-9.23%	0.39%
Jan-01	-2.12%	3.46%	0.40%
Dec-00	-20.11%	0.41%	0.48%
Nov-00	-11.14%	-8.01%	0.50%
Oct-00	-2.48%	-0.49%	0.51%
Sep-00	-19.48%	-5.35%	0.50%
Aug-00	4.86%	6.07%	0.51%
Jul-00	2.96%	-1.63%	0.50%
Jun-00	11.63%	2.39%	0.48%
May-00	-17.87%	-2.19%	0.46%
Apr-00	-10.32%	-3.08%	0.47%
Mar-00	16.96%	9.67%	0.48%
Feb-00	20.73%	-2.01%	0.47%
Jan-00	2.22%	-5.09%	0.46%
Dec-99	20.09%	5.78%	0.43%
Nov-99	20.54%	1.91%	0.43%
Oct-99	7.93%	6.25%	0.41%
Sep-99	1.12%	-2.86%	0.39%
Aug-99	9.11%	-0.63%	0.40%
Jul-99	-3.57%	-3.20%	0.39%
Jun-99	18.24%	5.44%	0.39%
May-99	-4.42%	-2.50%	0.38%
Apr-99	4.09%	3.79%	0.37%
Mar-99	12.02%	3.88%	0.36%
Feb-99	-12.33%	-3.23%	0.38%
Jan-99	20.22%	4.10%	0.36%
Dec-98	23.14%	5.64%	0.36%
Nov-98	19.62%	5.91%	0.37%
Oct-98	1.94%	8.03%	0.35%
Sep-98	13.19%	6.24%	0.35%
Aug-98	-14.47%	-14.58%	0.40%
Jul-98	4.04%	-1.16%	0.41%
Jun-98	21.75%	3.94%	0.41%
May-98	3.19%	-1.88%	0.41%
Apr-98	7.11%	0.91%	0.40%
Mar-98	3.83%	4.99%	0.42%
Feb-98	4.47%	7.04%	0.43%
Jan-98	13.13%	1.02%	0.42%
Dec-97	-3.03%	1.57%	0.43%
Nov-97	5.16%	4.46%	0.42%
Oct-97	12.19%	-3.45%	0.42%
Sep-97	-2.99%	5.32%	0.41%
Aug-97	-5.32%	-5.75%	0.42%
Jul-97	18.50%	7.81%	0.43%
Jun-97	-0.93%	4.35%	0.42%
May-97	30.96%	5.86%	0.40%
Apr-97	7.48%	5.84%	0.43%
Mar-97	-13.43%	-4.26%	0.43%
Feb-97	-20.26%	0.59%	0.42%
Jan-97	9.62%	6.13%	0.42%
Dec-96	-6.23%	-2.15%	0.42%
Nov-96	9.59%	7.34%	0.42%
Oct-96	-0.29%	2.61%	0.42%
Sep-96	17.75%	5.42%	0.41%
Aug-96	1.91%	1.88%	0.43%
Jul-96	-8.59%	-4.57%	0.43%
Jun-96	3.45%	0.23%	0.42%
May-96	5.56%	2.29%	0.42%
Apr-96	11.84%	1.34%	0.42%
Mar-96	-2.46%	0.79%	0.42%
Feb-96	14.29%	0.69%	0.41%
Jan-96	11.33%	3.26%	0.41%
Dec-95	-11.13%	1.74%	0.41%
Nov-95	8.35%	4.10%	0.44%
Oct-95	12.53%	-0.50%	0.44%
Sep-95	4.93%	4.01%	0.44%
Aug-95	17.74%	-0.03%	0.44%
Jul-95	10.32%	3.18%	0.45%
Jun-95	15.64%	2.13%	0.45%
May-95	9.46%	3.63%	0.47%
Apr-95	4.72%	2.80%	0.47%
Mar-95	12.77%	2.73%	0.48%
Feb-95	1.62%	3.61%	0.48%
Jan-95	-5.13%	2.43%	0.49%
Dec-94	8.94%	1.23%	0.46%
Nov-94	7.19%	-3.95%	0.46%
Oct-94	9.87%	2.08%	0.42%
Sep-94	10.14%	-2.69%	0.39%
Aug-94	17.95%	3.76%	0.38%
Jul-94	-10.00%	3.15%	0.36%
Jun-94	-5.80%	-2.68%	0.35%
May-94	-17.86%	1.24%	0.35%
Apr-94	-11.58%	1.15%	0.32%
Mar-94	-7.32%	-4.57%	0.29%
Feb-94	1.99%	-3.00%	0.28%
Jan-94	12.29%	3.25%	0.25%

Consider monthly returns of Cisco Systems stock (CSCO), S&P 500 index, and T-Bill from Jan...

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