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A stock is priced at $15.74 today, and analysts have a view that the stock will trade at $17.20 in one year. The stock will

A stock is priced at $15.74 today, and analysts have a view that the stock will trade at $17.20 in one year. The stock will not pay a dividend. The current risk free rate in the economy is 5.00% while the market portfolio risk premium is 8.00%. If the stock is fairly priced, what is the implied beta for the stock?

Round answer to two decimal places

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