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What is the new beta of the British market from a U.S. perspective?

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Suppose that the standard deviations of the British and U.S. stock markets have risen to 38 percent and 22 percent, respectively, and the correlation between the U.S. and British markets has risen to 0.67. What is the new beta of the British market from a U.S. perspective?

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Beta is a reflection of the risk of a particular stock or mutual fund to the market overall. It is determined by dividing the standard deviation of the security by the standard deviation of the market overall and then ...

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