Question: The correlation between the Charlottesville International Fund and the EAFE Market Index is 1.0. The expected return on the EAFE Index is 11%, the expected

The correlation between the Charlottesville International Fund and the EAFE Market Index is 1.0. The on the EAFE Index is 11%, the on Charlottesville International Fund is 9%, and the risk-free return in EAFE countries is 3%. Based on this analysis, what is the implied beta of Charlottesville International?

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