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Problem 8-09 Stock A has a risk premium of 4.7 percent. If Treasury bills yield 2.3 percent and the expected return on the market is

Problem 8-09 Stock A has a risk premium of 4.7 percent. If Treasury bills yield 2.3 percent and the expected return on the market is 7.0 percent, what is the stock's beta coefficient? Round your answer to two decimal places

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