You hear on the news that the S&P 500 was down 2.9 % today relative to the risk-free rate (the market's excess return was negative 2.9 % ). You are thinking about your portfolio and your investments in Zynga and Proctor and Gamble. a. If Zynga's beta is 1.3, what is your best guess as to Zynga's excess return today? b. If Proctor and Gamble's beta is 0.4, what is your best guess as to P&G's excess return today? a. If Zynga's beta is 1.3, what is your best guess as to Zynga's excess return today? Zynga's excess return today is nothing%. (Round to one decimal place.) b. If Proctor and Gamble's beta is 0.4, what is your best guess as to P&G's excess return today? Proctor and Gamble's excess return today nothing%. (Round to one decimal place.)

a) Excess return for Zynga = -3.8%

b)  Excess return for Proctor and Gamble = -1.2%

Explanation:

Given Data:

Market excess return = -2.9%

Zynga's bet = 1.3

Proctor and Gamble's beta = 0.4

(a) Excess return for Zynga is calculated using the formula;

Excess return for Zynga = Zynga beta * Market Excess return

                                            = 1.3 * ( - 2.9%)

                                            = -3.77% = -3.8%

(b) Excess return for Proctor and Gamble can be calculated using the formula;

Excess return for Proctor and Gamble = Proctor and Gamble beta * Market Excess return  

                                                             = 0.4 * ( - 2.9%)

                                                              = -1.16 % = -1.2%

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

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