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Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 16%. A stock has an expected

Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 16%. A stock has an expected rate of return of 5%. What is its beta? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Beta_____

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