You estimated the beta of Company A to be 1.3 and the beta of Company Z to be 0.9. You also found out that the standard deviations of the equity returns is 40% for both companies. Which stock has higher systematic risk (also known as market risk and undiversifiable risk)? Company A. Company 2 Neither. The two stocks have the same level of systematic risk Cannot be determined from the information above because the beta measures firm-specific risk. Cannot be determined from the information above because we are not given the correlation between the two companies' equity returns