Question: Beta of a project Magellan is adding a project to the company portfolio and has the following information, the expected market return is 11.4%, the
Beta of a project Magellan is adding a project to the company portfolio and has the following information, the expected market return is 11.4%, the risk-free rate is 4.2%, and the expected return on the new project is 13.1%. What is the project's beta? What is the project's beta? (Round to three decimal places)
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