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You are thinking of buying a stock priced at $91 per share. Assume that the risk-free rate is about 4.8% and the market risk premium

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You are thinking of buying a stock priced at $91 per share. Assume that the risk-free rate is about 4.8% and the market risk premium is 5.4%. If you think the stock will rise to $121 per share by the end of the year, at which time it will pay a $3.98 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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