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The correlation between the returns

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The correlation between the returns on Ceramics Craftsman, Inc., and the returns on the S&P 500 is 0.675. The variance of the returns on Ceramics Craftsman, Inc., is 0.004225, and the variance of the returns on the S&P 500 is 0.001467. What is the beta of Ceramics Craftsman stock?

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The correlation between the returns is rationalized.

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Beta = Correlation (CCI, S&P) * Standard Deviation (CCI) / ...

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