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Suppose that the correlation coefficient between the returns of IBM and the market was 0.78, the standard deviation of returns of IBM was 42%, the

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Suppose that the correlation coefficient between the returns of IBM and the market was 0.78, the standard deviation of returns of IBM was 42%, the standard deviation of the market was 26%, the risk free rate was 300, and the expected return on the market was 10%. What is your estimate of IBM's beta given the information? a. b. What is IBM's expected rate of return according to the CAPM

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