The stock of Inert Technologies Ltd. paid a dividend last year of $1 per share. Dividends are expected to grow at a constant rate of 7 per- cent per year, forever. You have estimated (by using past data) that the correlation between the returns to Inert Technologies and the market overall is 0.3. The risk-free rate of interest is 8 percent, and the market overall typically returns 9 percent more than the risk-free rate. The standard deviation of returns to the market is 0.25 and to the returns to Inert 0.35. 53. Based on the above information, what is the covariance between the return on Inert Technologies and the market return? (Hint: Use 3 dec- imal places for your calcualations). A. 0.21. B. 0.29. C. 0.32. D. 0.51. E. None of the above. 54. Based on the above information, what is the beta of Inert Technolo- gies? (Hint: Use 3 decimal places for your calcualations). A. 0.216. B. 0.295. C. 0.324. D. 0.419. E. None of the above