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Fair Financial Group is planning to make an equity Investment in PayPal Inc. You estimate that the long-run return on this company is 17.98% per

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Fair Financial Group is planning to make an equity Investment in PayPal Inc. You estimate that the long-run return on this company is 17.98% per year. The expected return of the market is 8.2% and the return on a risk free asset equals 1.12%. Using the CAPM, estimate the amount of systematic risk in the stock of this firm (Hint: Beta). Enter your answer in the box below and round to two decimals

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