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Suppose the following equation best describes the evolution of B over time: Bt=.30+.70Bt-1 If a stock had a B of 0.82 last year, what would
Suppose the following equation best describes the evolution of B over time: Bt=.30+.70Bt-1 If a stock had a B of 0.82 last year, what would you forecast the B to be in the coming year?
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