The rate of return on government securities is 5%. Your estimate of the market risk premium is 4.5%. According to the CAPM (capital asset pricing model), Keeley Co.s expected return is 14%. Estimate Keely Cos beta.

[Type only the final answer into the response box below (NOT into the Notes box) and in pure numeric format. Do NOT use %/$ signs, commas or spaces (e.g. only enter 10 if it is 10 days/$10/10%)]

Answer____