Consider the following information regarding corporate bonds:

Rating AAA AA A BBB BB B CCC

Average Default Rate 0.0% 0.1% 0.2% 0.5% 2.2% 5.5% 12.2%

Recession Default Rate 0.0% 1.0% 3.0% 3.0% 8.0% 16.0% 48.0%

Average Beta 0.05 0.05 0.05 0.10 0.17 0.26 0.31

Company Market Capitalization ($mm) Total Enterprise Value ($mm) Equity Beta Debt Rating

Transcontinental $4500 $8000 1.1 BBB

Rearden Metal $3800 $7200 1.3 AAA

Wyatt Oil $2400 $3800 0.9 A

Nielson Motors $1500 $4400 1.75 BB

The asset beta for Rearden Metal is ________.

(Please write your answer as a number, with two decimal places. e.g. write "0.1234" as "0.12")