Question: On a given day the excess return on the Australian stock market is -1.8%. On the same day the excess return on Share ABC is

On a given day the excess return on the Australian stock market is -1.8%. On the same day the excess return on Share ABC is -2.4%. If there were NO unsystematic risk factors affecting the share on that day, what is your estimate of the share's beta?

Select one:

a. 0.75

b. 0.66

c. 1.33

d. 1.22

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