You are combining the stocks of Amazon (AMZN) and Philip Morris (PM) to form a two-asset portfolio. Below, you find the regression outputs using the single factor model.

You are combining the stocks of Amazon (AMZN) and Philip Morris (PM) to form a two-asset portfolio. Below, you find the regression outputs using the single factor model. Regression Statistics Stock: AMZN R-squared Std. Error Observations 0.348 42.460 60 Intercept Market Return Coefficient Std. Error 2.112 0.847 1.152 0.207 t-Stat p-Value 2.492 0.016 5.568 0.000 Regression Statistics Stock: PM R-squared 0.225 Std. Error 41.644 Observations 60 Intercept Market Return Coefficient Std. Error -0.156 0.839 0.841 0.205 t-Stat p-Value -0.185 0.854 4.102 0.000 If you put 40% of your wealth into AMZN and the rest into PM, what is the market beta of your two-asset portfolio? (Round your answer to three decimals.) You are combining the stocks of Amazon (AMZN) and Philip Morris (PM) to form a two-asset portfolio. Below, you find the regression outputs using the single factor model. Regression Statistics Stock: AMZN R-squared Std. Error Observations 0.348 42.460 60 Intercept Market Return Coefficient Std. Error 2.112 0.847 1.152 0.207 t-Stat p-Value 2.492 0.016 5.568 0.000 Regression Statistics Stock: PM R-squared 0.225 Std. Error 41.644 Observations 60 Intercept Market Return Coefficient Std. Error -0.156 0.839 0.841 0.205 t-Stat p-Value -0.185 0.854 4.102 0.000 If you put 40% of your wealth into AMZN and the rest into PM, what is the market beta of your two-asset portfolio? (Round your answer to three decimals.)