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The table below provides the correlations among Green, a telephone/communication company located in Mexico, the Mexico stock market index, and the world market index, together

The table below provides the correlations among Green, a telephone/communication company located in Mexico, the Mexico stock market index, and the world market index, together with the standard deviations of returns and the expected returns. The risk-free rate is 5%. Based on the stock market data given in the following table, compute Greens world beta.

Green

Mexico

World

Standard deviations of returns (%)

Expected returns (%)

Green

1.00

.90

0.60

20

?

Mexico

1.00

0.80

18

14

World

1.00

15

12

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