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Phoenix Solar is expected to pay a dividend of $3.60 in the upcoming year, and their stock is trading in the market today at $60


Phoenix Solar is expected to pay a dividend of $3.60 in the upcoming year, and their stock is trading in the market today at $60 per share. Dividends are expected to grow at the rate of 9.6% per year. If the risk free rate of return is 4% and the expected return on the market portfolio is 12%, what is the stock's beta?

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