Question $14$

A "Market$-$neutral" portfolio is designed to provide significant alpha but no beta $(B=0).$ You want to build a

market neutral position with two stocks: Duke Energy Corp. $($DUK$)$ and Weyerhauser Lumber Co$.($WY$).$ The

Beta for DUK is $1\mathrm{.}50$ and the Beta for WY is $0\mathrm{.}45.$ What is the portfolio weight on Duke Energy? Enter your

answer in decimal form rounded to $2$ decimal places. For example, if half of the portfolio is in DUK, then

the portfolio weight is $0\mathrm{.}50.$

Answer: