You own a stock that has an expected return of 19.0 percent. The market return is 12.0 percent, while inflation is 2.5 percent, and the risk-free rate of return is 3.5 percent. What is the beta of this stock?

a. 0.07

b. 1.63

c. 1.94

d. 1.82 (correct answer)

D is the right answer please show the procedure.