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Determine the beta of QTax based on the following information: - Market expected return is 8.5 percent; standard deviation is 3.5 percent - Risk-free rate

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Determine the beta of QTax based on the following information: - Market expected return is 8.5 percent; standard deviation is 3.5 percent - Risk-free rate is 3 percent - Current dividend is $5.0 - Dividend growth rate is 5.5 percent - Current stock price is $25.5 (Round intermediate calculations and final answer to 4 decimal places, eg. 0.3612.)

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