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A stock has an expected return of 1 5 . 7 percent, the risk - free rate is 6 . 2 5 percent, and the

A stock has an expected return of 15.7 percent, the risk-free rate is 6.25 percent, and the market risk premium is 7.6 percent. What must the beta of this stock be? Note: Do ot round intermediate calculations and round your answer to 3 decimal places, e.g.,32.161.

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