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Stock M has a correlation with the S&P 500 Index of 0.53. The standard deviation of the index is 29%, and the standard deviation of

Stock M has a correlation with the S&P 500 Index of 0.53. The standard deviation of the index is 29%, and the standard deviation of Stock M is 32%. What is the beta of Stock M?

Multiple Choice

0.42
0.48
0.58
1.71

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