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Tou are thinking of buying a stock priced at $ 1 0 0 . 8 6 per share. Assume that the risk - free rate

Tou are thinking of buying a stock priced at $100.86 per share. Assume that the risk-free rate is about 4.46% and the market risk premium is 6.19%. If you think the stock will rise to $122.14 p share by the end of the year, at which time it will pay a $1.97 dividend, what beta would it need to have for this expectation to be consistent with the CAPM?
The beta is (Round to two decimal places.)
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