Consider a portfolio that includes the following two companies Company 1 Company 2 Number of Shares 1,500 1,500 Day Price $8.00 S9 57 Number of Shares 750 750 Price $14 00 $14 92 On Day 1 the portfolio has weights which are equal to the value of each company's shares relative to the total value of both companies What is the portfolio weight for Company 1? The portfolio weight for Company 1 on Day 1 is % (Round to two decimal places)