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Neuvac Corp. common stock has an expected return of 10% and a standard deviation of 20%. The market has an expected return of 10% and
Neuvac Corp. common stock has an expected return of 10% and a standard deviation of 20%. The market has an expected return of 10% and a standard deviation of 6%. If the stock's returns and the market's returns have a correlation coefficient of 0.69, what is Neuvac's beta? Round your final answer to two decimal places (Ex. 0.00).
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