Question $27$

$3$ pts

Bill has $$100,000$ invested in a $2-$stock portfolio. $$62,500$ is invested in Stock $x$ and the remainder is invested in Stock Y$.$ X$\text{'}$s beta is $1\mathrm{.}50$ and Y$\text{'}$s beta is $0\mathrm{.}70.$ What is the portfolio's beta? Do not round your intermediate calculations. Round the final answer to $2$ decimal places.

$1\mathrm{.}56$

$0\mathrm{.}90$

$1\mathrm{.}44$

$1\mathrm{.}20$

$1\mathrm{.}14$