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Cream Co is projected to have a return of 32% if the economy is very strong, while it is expected to have a return of

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Cream Co is projected to have a return of 32% if the economy is very strong, while it is expected to have a return of 4% if the economy is weak. Crimson Co is expected to have a return of 2% if the economy is very strong, while it is expected to have a return of 10% if the economy is very weak. The S\&P 500 Index is expected to have a return of 13% in a very strong economy, while it is projected to have a return of 3% in a weak economy. Assume each scenario is equally likely. Rounded to two places, what is the Beta of Crimson Co? Multiple Choice 0.50 1.50 1.25 None of the above

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