Jar Jar forms an aggressive growth portfolio by investing $22\%$ of his savings in Ford stock, $22\%$ in Nissan stock, $23\%$ in Subaru stock, $14\%$ in an index fund, and the last $19\%$ 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 $1\mathrm{.}22,$ the beta of Nissan is $1\mathrm{.}36,$ and the beta of Subaru is $1\mathrm{.}9.$ If the expected return of the market index is $14\%$ and the risk$-$free asset yields $5\%,$ what are the beta and the expected return of Jar Jar$$s portfolio? Give your answer rounded to two decimal places.

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What is the beta of the portfolio?

$\backslash$beta P

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