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An investor has a portfolio with an expected return of 12.57%. The portfolio is evenly invested in a stock and a risk-free asset. The market
An investor has a portfolio with an expected return of 12.57%. The portfolio is evenly invested in a stock and a risk-free asset. The market has an expected return of 18.0% and the risk-free asset has an expected return of 3.6%. What is the beta of the stock? Answer to two decimal places. our
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