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NM Mining Company has a standard deviation on its common stock of 60 percent and a correlation with market returns of 0.65. The Market's standard

NM Mining Company has a standard deviation on its common stock of 60 percent and a correlation with market returns of 0.65. The Market's standard deviation and expected return are 15 percent and 14 percent, respectively, and the risk free rate of return is 8 percent. What is NM Mining's beta?

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