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3) Please estimate Security ABC's Beta with the market portfolio with the following information. Correlation of security ABC with the market is 0.85 and its

3) Please estimate Security ABC's Beta with the market portfolio with the following information. Correlation of security ABC with the market is 0.85 and its standard deviation is 18%. The market portfolio's standard deviation is 16%. a) Beta of ABC is 0.9562 b) Beta of ABC is -0.85 c) Insufficient information to calculate ABC's market Beta. d) The market Beta is 0

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