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Assume the market follows a single index model, the index has an expected return of 15% and the risk-free rate is 5%. For a stock

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Assume the market follows a single index model, the index has an expected return of 15% and the risk-free rate is 5%. For a stock with a risk premium of 12% and an abnormal return of 4%, what is the beta of this stock? (Betas are never a percentage)

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