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Consider the single factor APT Portfolios A and B have expected returns of 14% and 18%, respectively. The risk-free rale of return is 7%. Portfolio

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Consider the single factor APT Portfolios A and B have expected returns of 14% and 18%, respectively. The risk-free rale of return is 7%. Portfolio A has a beta of 0.7. If arbitrage opportunities are ruled out, portfolio B must have a beta of________. 0.45 1.00 1.10 1.22 none of the above

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