Abrams builds a portfolio by investing in two stocks only: Microsoft $($MSFT$)$ and Huawei $($SHE$).$ According to the CAPM, the expected risk premium $($i$.$e$.,$ the expected return minus the risk$-$free rate$)$ of MSFT is $12\mathrm{.}34\%$ and the expected risk premium of SHE is $5\mathrm{.}05\%.$ The beta of MSFT is equal to $1\mathrm{.}21.$ If Abrams puts $63\%$ of his money in MSFT stock and $37\%$ in SHE stock, what is the approximate beta of his portiolio?

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$($Please round your answer with two decimals$).$