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Lucas builds a portfolio by investing in two stocks only: Samsung (SMSN) and Huawei (SHE) According to the CAPM, the expected risk premium (ie, the

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Lucas builds a portfolio by investing in two stocks only: Samsung (SMSN) and Huawei (SHE) According to the CAPM, the expected risk premium (ie, the expected return minus the risk-free rate) of SMSN is 11.8% and the expected risk premium of SHE is 5.29%. The beta of SMSN is equal to 1.13. If Lucas puts 67% of his money in SMSN stock and 33% in SHE stock, what is the approximate beta of his portfolio? Bp Number (Please round your answer with two decimals)

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