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Beta definition The returns on shares of XYZ company are highly correlated with market returns, with a correlation of 0.94. The standard deviation of returns
Beta definition The returns on shares of XYZ company are highly correlated with market returns, with a correlation of 0.94. The standard deviation of returns on the market portfolio is 17%. What is the standard deviation of XYZ returns if it has a beta of 1.35? Number % Round your answer to two decimals
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