The tendency of a stock's price to move up and down with the market is reflected in its beta coefficient. Therefore, beta is a measure of an investment's market risk, and is a key element of the CAPM. In this exercise, you get financial information using Yahoo! Finance. To find a company's beta, enter the desired stock symbol and request a basic quote. Once you have the basic quote, select the "Key Statistics" option in the "More Info" section of the basic quote screen. Scroll down this page to find the stock's beta.
Question 1
Identify the beta listed for a food service (restaurant) company called P.F. Chang's Bistro, stock symbol PFCB. According to Yahoo! Finance, what is PFCB's beta?