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Given that the stock of United Airlines (UAL) has a correlation with the S&P500 index of 0.6, the annualized standard deviation of UAL's returns is

Given that the stock of United Airlines (UAL) has a correlation with the S&P500 index of 0.6, the annualized standard deviation of UAL's returns is 20%, and the annualized standard deviation of the S&P500's returns is 10%, calculate UAL's beta assuming the S&P500 is an appropriate proxy for the market portfolio.

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