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Consider the following information on the stock portfolio of the Gainesville City Meter Maid Retirement Fund: table [ [ Stock , Investment Amount Beta

Consider the following information on the stock portfolio of the Gainesville City Meter Maid Retirement Fund:
\table[[Stock,Investment Amount Beta Coefficient,],[IBM,$900,000,0.5],[Homestake Mining,$250,000,1.2],[Humana Healthcare,$500,000,0.7],[Home Depot,$1,500,000,1.5],[Total,$3,150,000,]]
What is the beta coefficient of this portfolio? Round your answer to two decimal points
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