Lucas builds a portfolio by investing in two stocks only: Microsoft $($MSFT$)$ and Motorola $($MSI$).$ According to the CAPM, the expected risk premium $($i$.$e$.,$ the

expected return minus the risk$-$free rate$)$ of MSFT is $10\mathrm{.}52\%$ and the expected risk premium of MSI is $6\mathrm{.}86\%.$ The beta of MSFT is equal to $1\mathrm{.}35.$ If Lucas puts

$70\%$ of his money in MSFT stock and $30\%$ in MSI stock, what is the approximate beta of his portfolio?

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$($Please round your answer with two decimals$).$