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You are given the following information from the Sea Breeze hotel: Standard deviation of Sea Breeze hotel = 19% Standard deviation of the market= 12%
You are given the following information from the Sea Breeze hotel:
Standard deviation of Sea Breeze hotel = 19%
Standard deviation of the market= 12%
Beta () of the Sea Breeze hotel = 1.25
Based on this information, the correlation coefficient of the returns from Sea Breeze and the market is equal to..
Group of answer choices
0.879
0.789
0.881
0.987
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