The beta of JNJ is 0.86, while the beta of ROKU is 1.40. If you create a complete portfolio with 63.4% invested in JNJ. What will be the beta of the complete portfolio?

(Recall that a complete portfolio as a sum of weights equal 100%)

{beta is not a percentage. Just give your answer with 2 decimals.}

Hint: the beta of a portfolio is simply the weighted average of the betas of the assets in the portfolio.