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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
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 =0.05 + 1.41rsp. Use this
equation to estimate Exxon Mobil's equity beta.
Note: Round your answer to 2 decimal places.
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