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Suppose the S&P 500 Index has an expected annual return of 7.6% and volatility of 10.8%. Suppose the Atlantis Fund has an expected annual

Suppose the S&P 500 Index has an expected annual return of 7.6% and volatility of 10.8%. Suppose the Atlantis Fund has an expected annual return of 7.2% and volatility of 8.8% and is benchmarked against the S&P 500 Index. If the risk-free rate is 2.0% per year, what is the beta of the Atlantis Fund according to the CAPM?

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