QUESTION $32$ You are evaluating a stock with an expected return of $$15\mathrm{.}00.$ If the risk$-$free rate is $4\%$ and the marketrisk premium is $8.\%,$ what is the beta of the stock? $($keep at least five decimal places in all intermediate calculations and ONLY round your final response to two decimal places. Enter percentages as whole numbers and omit the $\%-$sign. E$.$g$.,$ enter $25\mathrm{.}54$ not$0\mathrm{.}2554$ for $25\mathrm{.}54\%.$ Do not include $$-$signs.$)$