Consider the single$-$index model. The alpha of a stock is $2\mathrm{.}00\%.$ The return on the market index is $12\mathrm{.}00\%.$ The risk$-$free rate of return is

$5\mathrm{.}50\%.$ The stock earns a return that exceeds the risk$-$free rate by $6\mathrm{.}50\%,$ and there are no firm$-$specific events affecting the stock

performance.

What is the beta of the stock? $($Round your answer to $2$ decimal places.$)$

Beta