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You are trying to calculate the beta for a stock by using data for the last 30 years. You find that the covariance of the

You are trying to calculate the beta for a stock by using data for the last 30 years. You find that the covariance of the stock and market returns per month is 0.000005 (this is a number, not a percentage), and the standard deviation of market returns per month is 0.0035 (this is a number, not a percentage). What is the beta of the stock?

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