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A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the Standard & Poor's

image text in transcribed A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the Standard \& Poor's 500 stock index over the same period. The resulting regression equation is rEM=0.08+1.44rSP. Use this equation to estimate Exxon Mobil's equity beta. Note: Round your answer to 2 decimal places

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