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The asset beta is defined as the beta of A. a fully diversified portfolio. B. an undiversified portfolio. C. the common stock of a levered

The asset beta is defined as the beta of

A. a fully diversified portfolio.

B. an undiversified portfolio.

C. the common stock of a levered firm.

D. a risk-free security.

E. the common stock of an unlevered firm.

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