1. You have a portfolio that is equally invested in Pierreann's with a beta of .80, Jergen's with a beta of 1.56, and the risk-free asset. What is the beta of your portfolio?

2. Pierreman's has had the following returns over the past several years: 7%, -7%, 19%, 9%, 18%, and 18%. What is the historical standard deviation of Piermann's (assuming sample data)? (Do not round intermediate calculations. Round your final answer two decimal places.) Standard deviation = % ?