Jar Jar forms an aggressive growth portfolio by investing $24\%$ of his savings in Ford stock, $23\%$ in Toyota stock, $21\%$ in Kia stock, $12\%$ in an index fund, and

the last $20\%$ is allocated on a bond fund. Assume for simplicity that the index fund is a good proxy to the market portfolio and has a beta equal to $1,$ whereas

the bond fund is a good proxy to the riskless asset. The beta of Ford stock is $1\mathrm{.}25,$ the beta of Toyota is $1\mathrm{.}53,$ and the beta of Kia is $1\mathrm{.}71.$ If the expected

return of the market index is $10\%$ and the risk$-$free asset yields $3\%,$ what are the beta and the expected return of Jar Jar's portfolio? Give your answer

rounded to two decimal places.

This question has $2$ parts $($i$.$e$.,$ you will be clicking "Verify" twice$).$

What is the beta of the portfolio?

${}_P=$

Section Attempt $1$ of $1$