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Abrams builds a portfolio by investing in two stocks only: Google ( GOOG ) and Nokia ( NOK ) . According to the CAPM, the

Abrams builds a portfolio by investing in two stocks only: Google (GOOG) and Nokia (NOK). According to the CAPM, the expected risk premium (i.e., the expected return minus the risk-free rate) of GOOG is 13.44% and the expected risk premium of NOK is 6.27%. The beta of GOOG is equal to 1.45. If Abrams puts 72% of his money in GOOG stock and 28% in NOK stock, what is the approximate beta of his portfolio?
\beta p=
(Please round your answer with two decimals).

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