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Estimate the beta of the following stock: market risk premium =26.1 percent, RF=7.1 percent, P0=$11.10, expected dividend at the end of the year =$3.60,P1=$13.60. Assume

image text in transcribed Estimate the beta of the following stock: market risk premium =26.1 percent, RF=7.1 percent, P0=$11.10, expected dividend at the end of the year =$3.60,P1=$13.60. Assume the market is in equilibrium. (Round intermediate calculations and the final answer to 2 decimal places, e.g. 21.36 or 21.36%.)

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