The stock of Banana PLC is trading at 50 per share today, and the value of a broad-based index of the UK stock market is at 1,000. The possible states of the UK economy over the coming year and their associated probabilities are provided in the table below, along with the stock price of Banana PLC and the value of the market index in each state. What is the beta of the Banana PLC stock? State of the economy Stock price of Value of the Probability Banana PLC market index Recession 0.3 40 950 Normal 0.4 52.5 1,100 Boom 0.3 70 1,150