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Assume that Umbrella Corp. stock has a required rate of return (rs) = 53. If 30 year T-Bonds are paying a risk-free 2.6% and the

Assume that Umbrella Corp. stock has a required rate of return (rs) = 53. If 30 year T-Bonds are paying a risk-free 2.6% and the S&P 500 (a good proxy for the market return) is returning 8.6%.

Alice wants to know: what is Umbrella's beta?

Answer to two decimal places.

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