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Suppose that ABC's stock is trading at $8 per share. The firm expects to pay dividends of $1.20 per share next year and this level

Suppose that ABC's stock is trading at $8 per share. The firm expects to pay dividends of $1.20 per share next year and this level is expected to remain constant until perpetuity. If the risk-free rate is 1.50% and the market risk premium is 6.00%, what is the firm's equity beta according to the CAPM? Answer (round to two decimal places): B =

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