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Below, are Ally Corp's returns over the prior 3 years, the market return over the prior 3 years, and the risk-free rate over the prior

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Below, are Ally Corp's returns over the prior 3 years, the market return over the prior 3 years, and the risk-free rate over the prior 3 years: Year 1: Ally 11% Market 10% risk-free rate 1% Year 2: Ally 13% Market -3% risk-free rate 2.4% Year 3: Ally 21% Market 28% risk-free rate 1.6% Please calculate Ally's CAPM beta (beta) by performing a market model regression of Ally's excess returns over the 3 year period on the market's excess returns over the period and providing the estimated coefficient on excess market return. Enter your answer below rounded to two decimal places

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