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15. A stock recently has been estimated to have a beta of 1.24: a. What will a beta book compute as the adjusted beta of

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15. A stock recently has been estimated to have a beta of 1.24: a. What will a beta book compute as the \"adjusted beta\" of this stock? b. Suppose that you estimate the following regression describing the evolution of beta over time: \\[ \\beta_{1}=3+.7 \\beta_{-1} \\]

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