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Stock Q has an expected return of 12.0% and a beta of.85. Stock R has an expected return of 15.5%. The risk free rate is

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Stock Q has an expected return of 12.0% and a beta of.85. Stock R has an expected return of 15.5%. The risk free rate is 3.0%. The two stocks are correctly priced relative to each other and in equilibrium. What is the beta of R? (Do not round intermediate calculations and enter your answer as a number rounded to 2 decimal places, e.g., 1.23.) beta of R

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