10. The expected return on the market is 14.12 percent, the inflation rate is 2.60 percent, and the risk-free return is 3.63 percent. Refresher stock is currently priced at $59.89 per share and is expected to pay its next annual

dividend in 1 year. Refreshers next dividend is expected to be $2.27 per share and the stock is expected to be priced at $62.25 in 1 year. What is Refreshers beta?

0.65 (plus or minus 0.02)

1.39 (plus or minus 0.02)

0.39 (plus or minus 0 02)

0.98 (plus or minus 0.02)

None of the above is within 0.02 points of the answer