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Financial analysts have estimated the returns on shares of Drucker corporation and the overall market portfolio under various economic states of nature as follows. The

Financial analysts have estimated the returns on shares of Drucker corporation and the overall market portfolio under various economic states of nature as follows. The return for Drucker in the following three economic states of nature are forecasted to be -15% in recession, 11% in moderate growth, and 28% in an economic boom. Estimates for the market as a whole in the same economic states are -10% in recession, 6% in moderate growth and 22% in boom. The analyst considers each state to be equally likely ( so 1/3 for each). Using this data compute the beta for Drucker corporations stock.

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