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A stock has an expected return of 12.1% while the market's expected return is 9.8%. Given a risk-free rate of 3.8%, (a) calculate the stock's

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A stock has an expected return of 12.1% while the market's expected return is 9.8%. Given a risk-free rate of 3.8%, (a) calculate the stock's beta, and (b) briefly explain what this beta value means. (10 points)

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