A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the

Standard & Poor's $500$ stock index over the same period. The resulting regression equation is $r_{EM}=0\mathrm{.}05+1\mathrm{.}41r_{SP}.$ Use this equation to

estimate Exxon Mobil's equity beta.

Note: Round your answer to $2$ decimal places.

Estimated Exxon Mobil's equity beta