Problem 18 Intro We know the following expected returns for stock A and the market portfolio, given different states of the economy: State (s) Recession Normal Expansion Probability E(ras) E(TM,s) | 0.2 -0.06 0.02 0.5 0.09 0.05 0.3 0.17 0.09 The risk-free rate is 0.02. Part 1 IB - Attempt 3/5 for 10 pts. Assuming the CAPM holds, what is the beta for stock A? 2+ decimals Submit