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You are asked as a security analyst to investigate the beta of IBM Using historical data, you find that the return correlation between IBM and

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You are asked as a security analyst to investigate the beta of IBM Using historical data, you find that the return correlation between IBM and the market is 0.4. The standard deviation of IBM returns is 28%, and the standard deviation of the market returns is 20%. What is the beta of (BM? 0.56 0.14 0.40 0.29

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