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Assume AAPL has a covariance of 4 with the market portfolio, and the market portfolio has a variance of 3. What is the beta of

Assume AAPL has a covariance of 4 with the market portfolio, and the market portfolio has a variance of 3. What is the beta of AAPL? Do you think the magnitude of the beta is reasonable? Can you find the estimated beta of AAPL on Yahoo! Finance and compare them? If the risk-free rate is 1%, and the market portfolio has an annual return of 15%, what is the CAPM-implied return for AAPL?

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