Question $19$

$8$ pts

You have a portfolio of two stocks that is worth $$74,545.$ You have invested $$35,079$ in the first stock and the rest in the second stock. The first stock has a beta of $0\mathrm{.}7$ and the second stock has a beta of $0\mathrm{.}59.$ What is the beta of the portfolio?

$($Do not round any intermediate calculations. Round your final answer to $2$ decimal places and enter it in the box below.$)$