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12.8. A stock has a beta of 0.8 and an expected return of 9.8 percent. A risk-free asset currently earns 4.7 percent. If a portfolio

12.8. A stock has a beta of 0.8 and an expected return of 9.8 percent. A risk-free asset currently earns 4.7 percent. If a portfolio of the two assets has an expected return of 14 percent, what is its beta? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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