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Estimate the beta of the following stock: market risk premium =25.6 percent, RF=6.6 percent, P0=$10.60, expected dividend at the end of the year =$3.10,P1=$13.10. Assume

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Estimate the beta of the following stock: market risk premium =25.6 percent, RF=6.6 percent, P0=$10.60, expected dividend at the end of the year =$3.10,P1=$13.10. 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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