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3. The correlation between the Charlottesville International Fund and the EAFE Market Index is 1.0 . The expected return on the EAFE Index is 11%,

image text in transcribed 3. The correlation between the Charlottesville International Fund and the EAFE Market Index is 1.0 . The expected return on the EAFE Index is 11%, the expected return on Charlottesville International Fund is 9%, and the risk-free return in EAFE countries is 3%. Based on this analysis, what is the implied beta of Charlottesville International

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