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Suppose that ABC 's stock is trading at $12 per share. The firm expects to pay dividends of $1.00 per share next year and this

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Suppose that ABC 's stock is trading at $12 per share. The firm expects to pay dividends of $1.00 per share next year and this level is expected to remain constant until perpetuity. If the risk-free rate is 2.00% and the market risk premium is 5.50%, what is the firm's equity beta according to the CAPM? Answer (round to two decimal places): =

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