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Consider the following information on Stocks I and II: table [ [ , Probability of State of , Rate of Return i , f

Consider the following information on Stocks I and II:
\table[[,Probability of State of,Rate of Return i,f State Occurs],[State of Economy,Economy,Stock I,Stock II],[Recession,0.20,0.04,-0.25],[Normal,0.25,0.32,0.14],[\table[[Irrational],[exuberance]],0.55,0.26,0.42]]
The market risk premium is 9 percent and the risk-free rate is 6 percent.
a-1. What is the beta of each stock?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
\table[[,Beta],[Stock I,],[Stock II,]]
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