You hold the positions in the table below.

-----------------------------------Price-----------Shares---------Beta

Amazon.com--------------- $40.80--------------100------------3.8

Family Dollar stores---------30.10--------------150------------1.2

McKesson Corp.-------------57.40---------------75-------------0.4

Schering-Plough Corp.-----23.80---------------200-----------0.5

What is the beta of your portfolio? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

If you expect the market to earn 12 percent and the risk-free rate is 3.5 percent, what is the required return of the portfolio? (Do not round intermediate calculations and round your final answer to 2 decimal places.)