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Suppose that in the coming year, you expect ExxonMobil stock to have a volatility of 42% and a beta of 0.9, and Merck's stock to

Suppose that in the coming year, you expect ExxonMobil stock to have a volatility of 42% and a beta of 0.9, and Merck's stock to have a volatility of 24% and a beta of 1.1. The riskfree interest rate is 4% and the market's expected return is 12%. Which stock has the highest total risk?

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