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Estimate the beta of the following stock: market risk premium = 24.9 percent, RF = 5.9 percent, Po= $9.90, expected dividend at the end of the year = $2.40, P= $12.40. Assume the market is in equilibrium. (Round intermediate calculations and the final answer to 2 decimal places, e.g. 21.36 or 21.36%.) Beta