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Jim Angel holds a portfolio consisting of the following five stocks:$175,000 invested in Stock A with beta of 1.55, $85,000 invested in Stock B with

Jim Angel holds a portfolio consisting of the following five stocks:$175,000 invested in Stock A with beta of 1.55, $85,000 invested in Stock B with beta of 0.70, $65,000 invested in Stock C with beta of 2.95, $75,000 invested in Stock D with beta of 1.70, and $50,000 invested in Stock E with a beta of -0.25.What is the portfolio's beta?Note:Enter your answer rounded to two decimal places.For example, if your answer is 12.345 then enter as 12.35 in the answer box.

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