You are thinking of buying a stock priced at $93 per share. Assume that the risk-free rate is about 4.6% and the market risk premium is 5.5%. If you think the stock will rise to $119 per share by the end of the year, at which time it will pay a $3.24 dividend, what beta would it need to have for this expectation to be consistent with the CAPM?

The beta is ......... enter your response here.

(Round to two decimal places.)