From the information related to annual return earned by investor's through investment in the shares of Pink Ltd.; and also the return earned by investors' community at large from index rate movements in the recognised st

Year Return on shares of Pink Ltd.(%) Return earned by Investors' community (%) DP = Return of Pink Ltd. - Avg return of pink DM = return of market - Avg return of market DM2 DP*DM 2012 14 6 14-12=2 6-9=(3) 9 (6) 2013 21 8 21-12=9 8-9=(1) 1 (9) 2014 (6) (2) (6)-12=(18) (2)-9=(11) 121 198 2015 4 12 4-12=(8) 12-9=3 9 (24) 2016 20 14 20-12=8 14-9=5 25 40 2017 19 16 19-12=7 16-9=7 49 49 72 54 Variance of market = 214 Cov(pink, mkt) = 248 Average 12 9 Beta = Covariance/ Variance of market = 248/214 = 1.159