Legion inc is a small high tech firm whose stock trades on


Legion, Inc. is a small high tech firm whose stock trades on the NASDAQ. You want to estimate the stock's beta using a regression based on the empirical market line. That requires regressing the stock's returns against the contemporaneous returns on a market index. You will use the beta to estimate the stock's expected return using the CAPM. Which of the following would be your best choice for a market index in the regression?

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Financial Management: Legion inc is a small high tech firm whose stock trades on
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