Question: Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: E(r) = 17.8%, risk free rate = 2.9%, rate

Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: E(r) = 17.8%, risk free rate = 2.9%, rate or return for market = 9.6%. State your answer to 4 decimal places.

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