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The return on a stock is estimated to have a standard deviation of 18.00% and the market portfolio is estimated to have a standard deviation
The return on a stock is estimated to have a standard deviation of 18.00% and the market portfolio is estimated to have a standard deviation of 25.00%. The correlation between the stock's return and the market portfolio's return is equal to 0.50. Calculate the stock's beta value. Round your answer to 2 decimal places, e.g. if your answer is 3.2516 then answer 3.25.
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