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 THE NUMBER ROUNDING TO $2$ DECIMALS i$.$e$.$ if your answer is $1\mathrm{.}2455,$ enter it as $1\mathrm{.}25$ ONLY

Stock

Amount

Beta

Expected Return

Apple

$$1,000$

$1\mathrm{.}96$

$10\mathrm{.}50\%$

Microsoft

$$7,000$

$1\mathrm{.}04$

$16\mathrm{.}90\%$

Ford

$$4,000$

$1\mathrm{.}03$

$15\mathrm{.}75\%$

Time Warner

$$8,000$

$0\mathrm{.}65$

$11\mathrm{.}80\%$