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Consider the one - factor APT. The standard deviation of returns on a well - diversified portfolio is 2 7 . 5 0 % .

Consider the one-factor APT. The standard deviation of returns on a well-diversified portfolio is 27.50%. The standard deviation on the factor portfolio is 24.50%.
What is the beta of the well-diversified portfolio? (Round your answer to 5 decimal places.)
Beta
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