GOLDEN Company information: Expected Dividend next year: $2 Dividends expected growth rate: 3% The risk-free rate is 3% Expected return on the market portfolio is 12%. Investors use the CAPM to compute the market capitalization rate on the stock and use the constant-growth DDM to determine the intrinsic value of the stock. The stock is trading in the market today at \$94. Using the constant-growth DDM and the CAPM, the beta of the stock is Round your answer to the nearest two decimals