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Suppose that an investor expects to earn an 18% rate of return on her investment in Netflix Stock. Currently, Netflix trades for $97.06 per share.

Suppose that an investor expects to earn an 18% rate of return on her investment in Netflix Stock. Currently, Netflix trades for $97.06 per share. The market risk premium is 7.3%, and the risk free rate is 0.5%. Calculate the beta for Netflixs stock. (Round to 3 decimals)

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