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(2 / 3)^{ρ} β = (2 / 3)^{2} 0.09 = 0.04

(2 / 3)^{ρ} β = (2 / 3)^{2} 0.09 = 0.04

$(2/3)^{\rho } \, \beta = (2/3)^{2} \, 0.09 = 0.04$