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A stock recently has been estimated to have a beta of 1.18 : a. What will a beta book compute as the adjusted beta of

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A stock recently has been estimated to have a beta of 1.18 : a. What will a beta book compute as the "adjusted beta" of this stock? (Do not round intermediate calculations. Round your answ to 2 decimal places.) b. Suppose that you estimate the following regression describing the evolution of beta over time: t=0.7+0.3t1

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