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Lowes rises by more than 1% when the market rises by exactly 1%. From this information, which of the following is TRUE about Lowes beta?

Lowes rises by more than 1% when the market rises by exactly 1%. From this information, which of the following is TRUE about Lowes beta?

a. Greater than one
b. Less than zero
c. Less than one
d. Between zero and one
e. Equal to zero

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