9Financial analysts have estimated the returns on shares of Drucker Corporation and the overall market portfolio under various economic conditions as follows. The return for Drucker in the following three economic states of nature are forecasted to be: -18% in recession, +11% in moderate growth, and +36% in a boom. Estimates for the market as a whole in the same economic states are -10% in recession, +9% in moderate growth, and +21% in boom. The analyst considers each state to be equally likely. Using these data, compute the beta of Drucker Corporation's stock.

Place your answer as a number with at least three decimal places. 10If the expected return on the market portfolio is estimated to be 15%, the risk-free rate of interest is 6%, and the beta of asset i is 0.70, what is the expected return on asset i using CAPM model? %