Tiffany Smith, FRM, has developed the following data on stock X and the market:

Return on the market	12%
Covariance between the return on stock X and the return on the market	0.0288
Correlation coefficient of the return on stock X and the return on the market	0.8
Standard deviation of the return on the market	0.25
Standard deviation of the return on stock X	0.18

Based on these data, the beta of stock x is closest to:

A). 0.46

B). 0.58

C). 0.66

D. 0.40

E). 0.72