Question 15 [5 points] For this question, refer to the Excel file with the tab "Question 15." This tab contains the dail

[answerhappygod]

Question 15
[5 points]
For this question, refer to the Excel file with the tab"Question 15." This tab contains the daily closing prices for afund that is invested in commodities. This fund is the PIMCOCommodities Plus Strategy Fund (ticker: PCLIX) and the data sampleis from January 3, 2022 until June 30, 2022. Say that you becameinterested in this fund after reading news headlines such as thisone here: "Commodity Prices Are Dropping. Why That's aRecession Red
In addition to data for this fund, you also have closing pricesfor the S&P 500 index (using the SPY ETF). As you know, the SPYrepresents the performance of the aggregate market. Assume that therisk-free rate is zero over this sample period.
The beta for this PCLIX fund over this given sample period is_________ and the t-stat for this beta is _________.
In your answer, round off to two decimal places. For example,2.94516 can be rounded off to 2.95. Use the market model toestimate beta.
Directions: This is a fill in the blank question. Round off totwo decimal places. In this case, there are two blanks to fill.