Silver Company information: Expected Dividend next year: $3 Dividends expected growth rate: 5% The risk-free rate is 1% Expected return on the market portfolio is 11%. Investors use the CAPM to compute the market capitalization rate on the stock and use the constant-growth DDM to determine the intrinsic value of the stock. The stock is trading in the market today at $60. Using the constant-growth DDM and the CAPM, the beta of the stock is Type your answer as a decimal (i.e., without multiplying by 100). Round your answer to the nearest two decimals if needed. Hint: remember if P0=D1/(rg), then D1/P0=(rg) therefore =D1/P0+g=r. And we also know r=rf+b(rmrf)