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The standard deviation of daily returns on the S&P 500 Index is 1.12%. The standard deviation of daily returns on Company A's stock is 2.00%.

The standard deviation of daily returns on the S&P 500 Index is 1.12%. The standard deviation of daily returns on Company A's stock is 2.00%. The correlation between daily returns on the S&P 500 Index and Company A is 0.62.

Calculate the levered beta for Company A.

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