Beta coefficients and the capital asset pricing modelPersonal Finance ProblemKatherine Wilson is wondering how much risk she must undertake to generate an acceptable return on her porfolio. The risk-free return currently is 44%. The return on the overall stock market is 13%. Use the CAPM to calculate how high the beta coefficient of Katherine's portfolio would have to be to achieve a portfolio return of 12%.

The beta of the portfolio???

(Round to four decimal places.)