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On a given day the excess return on the Australian stock market is -1.8%. On the same day the excess return on Share ABC is
On a given day the excess return on the Australian stock market is -1.8%. On the same day the excess return on Share ABC is -2.4%. If there were NO unsystematic risk factors affecting the share on that day, what is your estimate of the share's beta?
Select one:
a. 0.75
b. 0.66
c. 1.33
d. 1.22
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