Consider the single-index model. The alpha of a stock is 2.00%. The return on the market index is 12.00%. The risk-free
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Consider the single-index model. The alpha of a stock is 2.00%. The return on the market index is 12.00%. The risk-free
Consider the single-index model. The alpha of a stock is 2.00%.The return on the market index is 12.00%. The risk-free rate ofreturn is 6.50%. The stock earns a return that exceeds therisk-free rate by 5.50%, and there are no firm-specific eventsaffecting the stock performance. What is the beta of the stock?(Round your answer to 2 decimal places.)