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A stock is priced at $14.55 today, and analysts have a view that the stock will trade at $16.30 in one year. The current risk

A stock is priced at $14.55 today, and analysts have a view that the stock will trade at $16.30 in one year. The current risk free rate in the economy is 4.00% while the market portfolio risk premium is 7.00%. If the stock is fairly priced, what is the implied beta for the stock?

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