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The correlation between the Superior International Fund and the EAFE Market Index is 1.0. The expected return on the EAFE Index is 6%, the expected
The correlation between the Superior International Fund and the EAFE Market Index is 1.0. The expected return on the EAFE Index is 6%, the expected return on Superior Fund is 5%, and the risk-free return in EAFE countries is 3%. Based on this data, what is the implied beta of Superior International (relative to the EAFE Index)?
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