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A stock has an expected return of 15 percent, the risk-free rate is 5.9 percent, and the market risk premium is 7.7 percent. What must

A stock has an expected return of 15 percent, the risk-free rate is 5.9 percent, and the market risk premium is 7.7 percent. What must the beta of this stock be? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

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