You decide to form a portfolio of the following amounts invested in the following stocks. What is the beta of the portfolio?

SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN INPUT YOUR ANSWER ROUNDING TO 2 DECIMALS i.e. if your answer is 1.2455, enter it as 1.25.

Stock	Amount	Beta	Expected Return
Apple	$5,782	2.40	10.50%
Microsoft	$3,092	0.73	16.90%
Ford	$8,677	1.95	15.75%
Time Warner	$7,466	1.27	11.80%