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Alice uses the following adjustment for the regression-based beta: Beta = regression-based beta ? (2/3) + 1 ? (1/3). The second term in the right-hand

Alice uses the following adjustment for the regression-based beta: Beta = regression-based beta Ã? (2/3) + 1 Ã? (1/3). The second term in the right-hand side of the equation (i.e., 1 Ã? (1/3))...

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