Estimate the beta of the following stock: market risk premium = 25.8 percent, RF = 6.8 percent, P0= $ 10.80, expected dividend at the end of the year = $ 3.30, P1= $ 13.30. Assume the market is in equilibrium. (Round intermediate calculations and the final answer to 2 decimal places, e.g. 21.36 or 21.36%.)

1) Beta:_______