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A stock has a beta of 0.5 and an expected return of 11.4 percent. A risk-free asset currently earns 3.8 percent. If a portfolio of

A stock has a beta of 0.5 and an expected return of 11.4 percent. A risk-free asset currently earns 3.8 percent. If a portfolio of the two assets has an expected return of 14 percent, what is its beta? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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