Question: You run an index model estimation for a stock using the S&P 500 as your index. The regression yields a coefficient on the S&P 500's

You run an index model estimation for a stock using the S&P 500 as your index. The regression yields a coefficient on the S&P 500's excess returns of 1.37. Suppose the standard deviation of the stock's excess returns is 15% and the standard deviation of the residuals from the regression is 8%. What is the R-squared of your regression?

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