A stock recently has been estimated to have a beta of $1\mathrm{.}18$:

Required:

What is the $$adjusted beta$$ of this stock?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Suppose that you estimate the following regression describing the evolution of beta over time:

$\backslash$beta t $=0\mathrm{.}7+0\mathrm{.}3\backslash$beta t$1$

What would be your predicted beta for next year?

Note: Do not round intermediate calculations. Round your answer to $3$ decimal places.