The expected return on the market is 14.81 percent, the inflation rate is 2.73 percent, and the risk-free return is 3.25 percent. Refresher stock is currently priced at $61.57 per share and is expected to pay its next annual dividend in 1 year. Refreshers next dividend is expected to be $2.25 per share and the stock is expected to be priced at $62.03 in 1 year. What is Refreshers beta?

a. 0.17 (plus or minus 0.02)

b. 1.10 (plus or minus 0.02)

c. 0.10 (plus or minus 0.02)

d. 0.25 (plus or minus 0.02)

d. None of the above is within 0.02 points of the answer