The table lists the monthly total returns on Adobe Systems Inc. common stock and the market rates of return for a 24-month period.

Observation	Month	Adobe rate of return (%)	Market rate of return (%)
1	Aug 2014	3.83	4.18
2	Sep 2014	-3.77	-2.11
3	Oct 2014	1.34	2.74
4	Nov 2014	5.08	2.43
5	Dec 2014	-1.33	-0.01
6	Jan 2015	-3.54	-2.77
7	Feb 2015	12.79	5.78
8	Mar 2015	-6.52	-1.01
9	Apr 2015	2.87	0.42
10	May 2015	3.98	1.39
11	Jun 2015	2.43	-1.70
12	Jul 2015	1.21	1.65
13	Aug 2015	-4.17	-6.00
14	Sep 2015	4.65	-2.95
15	Oct 2015	7.83	7.86
16	Nov 2015	3.16	0.56
17	Dec 2015	2.71	-2.04
18	Jan 2016	-5.12	-5.67
19	Feb 2016	-4.47	-0.02
20	Mar 2016	10.16	7.03
21	Apr 2016	0.45	0.63
22	May 2016	5.57	1.79
23	Jun 2016	-3.70	0.23
24	Jul 2016	2.16	3.97

Estimate beta to two decimal places for Adobe based on this data.