The risk$-$free rate is $2\mathrm{.}4\%.$ The expected rate of return on the market is $11\mathrm{.}8\%.$ A corporation intends to issue publicly traded bonds that promise a rate of return of $6\mathrm{.}2\%$ and offer an expected rate of return of $5\mathrm{.}5\%.$ What is the implicit beta of the bonds? Give your answer to the nearest $0\mathrm{.}01.$