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A stock has an expected return of 1 3 . 5 percent, the risk - free rate is 3 . 3 percent, and the market

A stock has an expected return of 13.5 percent, the risk-free
rate is 3.3 percent, and the market risk premium is 8.8 percent.
What must the beta of this stock be?(Do not round
intermediate calculations. Round your answer to 2 decimal
places.)

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