Consider the single-index model. The alpha of a stock is 0%. The return on the market index is 24%. The risk-free rate of return is 3%. The stock earns a return that exceeds the risk-free rate by 21% and there are no firm-specific events affecting the stock performance. The b of the stock is _______.

Enter your answer as a number, rounded to 2 decimals. For example, if your answer is 1.345678, just enter 1.35