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11 3 points You estimated the beta of Company A to be 1.3 and the beta of Company Z to be 0.9. You also found

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11 3 points You estimated the beta of Company A to be 1.3 and the beta of Company Z to be 0.9. You also found out that the standard deviations of the equity returns is 40% for both companies. Which stock has higher systematic risk (also known as market risk and undiversifiable risk)? Company A. Company Z. 100000 Neither. The two stocks have the same level of systematic risk. Cannot be determined from the information above because the beta measures firm-specific risk. Cannot be determined from the information above because we are not given the correlation between the two companies' equity returns

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