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The coefficient of correlation between Stock A and the S&P 500 is 0.51. The returns on the S&P500 have a standard deviation of 0.05, and

The coefficient of correlation between Stock A and the S&P 500 is 0.51. The returns on the S&P500 have a standard deviation of 0.05, and the returns on Stock A have a standard deviation of 0.32. What is the market beta of Stock A? Please give your answer to two decimal places.

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