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Introduction
AUSTAR United Communications Limited (AUN) is a provider of subscription television services in Australia, mainly providing satellite delivered services to regional and rural via a satellite distribution platform owned by AUN and Optus. The core business of AUN is TV service, and it also offers mobile telephone and Internet services. In addition, AUN operates a wireless cable network, which was established in 2000 and is now available nationally. (http://www.aspecthuntley.com.au.)
2. Beta estimation
2.1. The importance of beta estimation
The capital asset pricing model (CAPM) was formed on the basis of Professor Harry Markowitz's basic theory of portfolio choice...
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