Silver Company information: Expected Dividend next year: $4 Dividends expected growth rate: 4% The risk-free rate is 2% Expected return on the market portfolio is 10%. 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 $58. 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 PO = D1 / (r-g), then ==> D1 / PO = (r-g) therefore ==> D1 / PO + g = r. And we also know r = rf + bx (rm-rf)