Question: Exxon's volatility is twice the market return's volatility. A proportion 84% of Exxon's total variance is idiosyncratic. The riskfree rate is 5% and Exxon's expected

Exxon's volatility is twice the market return's volatility. A proportion 84% of Exxon's total variance is idiosyncratic. The riskfree rate is 5% and Exxon's expected return is 7%.

What is Exxon's beta?

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