SUMMARY OUTPUT

Regression Statistics
Multiple R 0.99074
R Square 0.981565
Adjusted R 0.981248
Standard E 0.085773
Observatio 60

ANOVA
df SS MS F Significance F
Regression 1 22.72044 22.72044 3088.269 5.32E-52
Residual 58 0.426707 0.007357
Total 59 23.14715

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%
Lower 95.0%
Upper 95.0%
Intercept 0.032756 0.011086 2.954705 0.004517 0.010565 0.054946 0.010565 0.054946
X Variable 0.979018 0.017617 55.5722 5.32E-52 0.943754 1.014283 0.943754 1.014283
Upper 95.0%
Student's nam: NGUYEN THI MAI TRANG
Student ID: CQ493728
Apple Inc. (AAPL) Market Treasury Bills
Date Adj Close RoR(Apple) S&P500 RoR(SP500) 1-month T-bills RoR (T-bills)
5/2/2011 346.28 -0.010995916 1361.22 -0.001752701 0.02 -0.3333333
4/1/2011 350.13 0.00464836 1363.61 0.0284953576 0.03 -0.5
3/1/2011 348.51 -0.013306532 1325.83 -0.001047302 0.06 -0.4545455
2/1/2011 353.21 0.040934811 1327.22 0.0319565826 0.11 -0.2142857
1/3/2011 339.32 0.051959325 1286.12 0.0226455902 0.14 0.75
12/1/2010 322.56 0.036670416 1257.64 0.065300072 0.08 -0.3846154
11/1/2010 311.15 0.033789621 1180.55 -0.002290283 0.13 -0.0714286
10/1/2010 300.98 0.060722467 1183.26 0.0368559411 0.14 0.16666667
9/1/2010 283.75 0.167215138 1141.2 0.087551104 0.12 -0.2
8/2/2010 243.1 -0.055004859 1049.33 -0.047449165 0.15 -0.0625
7/1/2010 257.25 0.022740826 1101.6 0.0687778328 0.16 1
6/1/2010 251.53 -0.020826845 1030.71 -0.053882377 0.08 -0.4666667
5/3/2010 256.88 -0.016124708 1089.41 -0.081975916 0.15 0
4/1/2010 261.09 0.111021277 1186.69 0.0147593272 0.15 0.36363636
3/1/2010 235 0.148470335 1169.43 0.0587963676 0.11 0.83333333
2/1/2010 204.62 0.06539623 1104.49 0.0285136935 0.06 2
1/4/2010 192.06 -0.088596783 1073.87 -0.036974262 0.02 -0.3333333
12/1/2009 210.73 0.054124356 1115.1 0.0177705977 0.03 -0.4
11/2/2009 199.91 0.060530504 1095.63 0.057363997 0.05 0.25
10/1/2009 188.5 0.016994875 1036.19 -0.019761986 0.04 -0.3333333
9/1/2009 185.35 0.101896439 1057.08 0.0357233838 0.06 -0.5
8/3/2009 168.21 0.029499969 1020.62 0.0335601734 0.12 -0.2
7/1/2009 163.39 0.147160008 987.48 0.074141757 0.15 0.5
6/1/2009 142.43 0.04874457 919.32 0.0001958352 0.10 -0.2857143
5/1/2009 135.81 0.079313359 919.14 0.0530814267 0.14 0.55555556
4/1/2009 125.83 0.197012938 872.81 0.0939250755 0.09 -0.1
3/2/2009 105.12 0.17702385 797.87 0.0854045083 0.10 -0.5454545
2/2/2009 89.31 -0.00909797 735.09 -0.109931225 0.22 3.4
1/2/2009 90.13 0.056004687 825.88 -0.085657348 0.05 0.66666667
12/1/2008 85.35 -0.078989964 903.25 0.0078215657 0.03 -0.6666667
11/3/2008 92.67 -0.138674598 896.24 -0.074849032 0.09 -0.6538462
10/1/2008 107.59 -0.053404892 968.75 -0.169424534 0.26 -0.6976744
9/2/2008 113.66 -0.32955819 1166.36 -0.090791453 0.86 -0.4787879
8/1/2008 169.53 0.066561812 1282.83 0.0121905032 1.65 0.0443038
7/1/2008 158.95 -0.05070473 1267.38 -0.009859375 1.58 -0.0650888
6/2/2008 167.44 -0.112900662 1280 -0.085962382 1.69 -0.0231214
5/1/2008 188.75 0.08508192 1400.38 0.0106741532 1.73 0.66346154
 4/1/2008 173.95 0.212195122 1385.59 0.0475466848 1.04 -0.2238806
3/3/2008 143.5 0.147816349 1322.7 -0.005959583 1.34 -0.3991031
2/1/2008 125.02 -0.076388889 1330.63 -0.034761162 2.23 -0.1679104
1/2/2008 135.36 -0.316639742 1378.55 -0.061163475 2.68 -0.0394265
12/3/2007 198.08 0.087037647 1468.36 -0.008628489 2.79 -0.231405
11/1/2007 182.22 -0.04069492 1481.14 -0.044043424 3.63 -0.0241935
10/1/2007 189.95 0.237701179 1549.38 0.014822335 3.72 0.00540541
9/4/2007 153.47 0.108246678 1526.75 0.0357940013 3.70 -0.0997567
8/1/2007 138.48 0.051001821 1473.99 0.0128635923 4.11 -0.1273885
7/2/2007 131.76 0.079646018 1455.27 -0.031981907 4.71 0.06561086
6/1/2007 122.04 0.00701378 1503.35 -0.01781631 4.42 -0.0635593
5/1/2007 121.19 0.214328657 1530.62 0.0325492286 4.72 -0.0347648
4/2/2007 99.8 0.074157787 1482.37 0.0432906831 4.89 -0.0430528
3/1/2007 92.91 0.098097152 1420.86 0.0099799548 5.11 0.00392927
2/1/2007 84.61 -0.013064272 1406.82 -0.021846145 5.09 0.05165289
1/3/2007 85.73 0.010490335 1438.24 0.0140590848 4.84 0.0125523
12/1/2006 84.84 -0.074405411 1418.3 0.0126157515 4.78 -0.0682261
11/1/2006 91.66 0.130488407 1400.63 0.0164666096 5.13 0.05122951
10/2/2006 81.08 0.053260587 1377.94 0.0315080286 4.88 0.04273504
9/1/2006 76.98 0.134561533 1335.85 0.0245662745 4.68 -0.0787402
8/1/2006 67.85 -0.001618599 1303.82 0.0212742625 5.08 0.05833333
7/3/2006 67.96 0.186659682 1276.66 0.0050858133 4.80 0.03896104
6/1/2006 57.27 -0.041827004 1270.2 8.660804E-05 4.62 0.0021692
5/1/2006 59.77 1270.09 4.61
Mean 0.0025033987
Standard deviation 0.0515553563
Regression Model
Market Excess Return = α+β*Securities Excess Return + e
β 0.979018

Regression Statistics
Multiple R 0.99074
R Square 0.981565
Adjusted R 0.981248
Standard E 0.085773
Observatio 60

ANOVA
df SS MS F Significance F
Regression 1 22.72043889 22.72044 3088.2689688 5.316074E-52
Residual 58 0.426706828 0.007357
Total 59 23.14714572

CoefficientsStandard Error t Stat P-value Lower 95% Upper 95%

Intercept 0.032756 0.011085916 2.954705 0.0045165012 0.0105647384 0.05494648
X Variable 0.979018 0.017617055 55.5722 5.316074E-52 0.9437540804 1.01428281

Systematic Risk 0.002608957

Unsystematic Risk 4.89982E-05
Securities excess returnMarket excess return
RoR(Apple)-RoR(T-bills) RoR(S&P)-RoR(T-bills)
0.322337417530631 0.331580632781123
0.504648360161832 0.528495357625035
0.4412389230203 0.453498152666339
0.255220525083781 0.246242296875208
-0.698040674603175 -0.727354409847015
0.42128580081336 0.449915456615724
0.105218192001367 0.069138288650484
-0.105944199706314 -0.129810725552051
0.367215137803373 0.287551104037815
0.007495140913508 0.015050835148875
-0.977259173856001 -0.931222167243939
0.445839821447109 0.412784289967352
-0.016124707955111 -0.081975916203895
-0.252615087040619 -0.348877036442774
-0.684862998077738 -0.774536965779078
-1.93460376965532 -1.97148630653617
0.244736550720511 0.296359070935342
0.454124355960182 0.417770597738287
-0.18946949602122 -0.192636003049634
0.350328207894973 0.313571347485526
0.601896438975091 0.535723383825518
0.229499969398372 0.2335601733706
-0.352839991574809 -0.42585824304921
0.334458855333607 0.285910120951573
-0.47624219626127 -0.502474128899124
0.297012937595129 0.193925075513555
0.722478394967478 0.630859053746047
-3.40909796959947 -3.50993122487528
-0.610661980082015 -0.752324015130547
0.587676702276896 0.674488232318724
0.515171555835186 0.578997121588089
0.644269526822142 0.528249884155596
0.149229688497075 0.387996425516596
0.022258014422177 -0.032113294225444
0.014384027343894 0.05522938239645
-0.089779274968419 -0.062840994356032
-0.578379618369558 -0.652787385212742
 0.436075718966145 0.271427281826296
0.546919488397551 0.39314355595881
0.091521558872305 0.133149285670592
-0.277213218221087 -0.021736951599673
0.318442605478257 0.222776469811002
-0.016501371328618 -0.019849875434045
0.232295773978187 0.009416929619975
0.208003369218249 0.135550692313722
0.178390356525472 0.140252127354921
0.014035157970608 -0.097592766802708
0.070573102048751 0.045743012303201
0.249093483490498 0.067314054776016
0.117210624679187 0.0863435206808
0.094167878552443 0.006050681707178
-0.064717164112199 -0.07349903785067
-0.00206196650747 0.001506783564625
-0.00617929044494 0.080841872340961
0.079258898315366 -0.034762898620107
0.010525544430455 -0.011227014139018
0.213301690273241 0.103306431966057
-0.059951932509319 -0.037059070804548
0.14769864324605 -0.033875225703284
-0.043996200910431 -0.002082589361312
0
 Lower 95.0% Upper 95.0%
0.010564738419745 0.054946481682349
0.943754080439194 1.01428281491775