Question: The Beta Bear Plus Fund is constructed so that its average return is equal to two times ( 2 0 0 % ) the inverse

The Beta Bear Plus Fund is constructed so that its average return is equal to two times (200%) the inverse (opposite) of the average return on the market index. In other words, E(kp)=-2 x E(kM). Where E(kp) is the expected return on the fund. This fund is designed for investors who want to make money when the market falls. If the risk-free return is 2.3% and the expected return on the market is 9.2%, then what is the beta of this fund?

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