Question: Bob's Discount Shoe Source is adding a new line of shoes to the company portfolio and has the following information: the expected market return is

Bob's Discount Shoe Source is adding a new line of shoes to the company portfolio and has the following information: the expected market return is 13%, the risk-free rate is 3%, and the expected return on the new project is 11%.
What is the beta of the project?
A) 0.90
B) 0.60
C) 0.70
D) 0.80

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