You have access to the following data concerning the Lions company and the market portfolio: Variance of returns on the market portfolio = 0.04326 Covariance between the returns on Lions and the market portfolio = 0.0635. Volatility of returns of the Lions stock value = 20% Expected market risk premium = 9.4% Expected return on Treasury Bills = 4.9% 1) What is the beta of Lions? Interpret your answer.