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U Question 3 12.5 pts Fair Financial Group is planning to make an equity investment in PayPal Inc. You estimate that the long-run return on

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U Question 3 12.5 pts Fair Financial Group is planning to make an equity investment in PayPal Inc. You estimate that the long-run return on this company is 16.58% per year. The expected return of the market is 9.6% and the return on a risk free asset equals 1.71%. Using the CAPM, estimate the amount of systematic risk in the stock of this firm (Hint: Beta). Enter your answer in the box below and round to two decimals

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