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Which of the following statements about 'beta' is correct? Is a measure of stand - alone risk. A low beta means that a stock is

Which of the following statements about 'beta' is correct?
Is a measure of stand-alone risk.
A low beta means that a stock is more volatile than the market
Is a measure of a stock's volatility relative to the market.
A high beta means that a stock is less volatile than the market
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