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Assuming there are 9 comparable companies used in the bottom-up beta calculation, the standard error of the bottom-up beta will most likely be ___ of

Assuming there are 9 comparable companies used in the bottom-up beta calculation, the standard error of the bottom-up beta will most likely be ___ of the standard error of the regression beta?

A) 3

B) 1/9

C) 1/5

D) 1/3

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