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You own a stock portfolio invested 16 percent in Stock Q, 24 percent in Stock R, 36 percent in Stock S, and 24 percent in

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You own a stock portfolio invested 16 percent in Stock Q, 24 percent in Stock R, 36 percent in Stock S, and 24 percent in Stock T. The betas for these four stocks are 94,1.00,1.40, and 1.85 , respectively. What is the portiolio beta? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16

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