Question $1$

$7$ pts

Fair Financial Group is planning to invest in PayPal Inc. The required return on this stock is $13\mathrm{.}97\%.$ The expected return of the market is $6\mathrm{.}4\%$ and the risk$-$free rate equals $1\mathrm{.}95\%.$ Using the CAPM, estimate the amount of systematic risk in this firm $($Hint: Beta$).$ Round your answer to two decimals.