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You've invested 30 percent of your wealth in Stock Quixotic, 25 percent in Stock Random, 25 percent in Stock Surefire, and 20 percent in Stock

You've invested 30 percent of your wealth in Stock Quixotic, 25 percent in Stock Random, 25 percent in Stock Surefire, and 20 percent in Stock Tort. These four stocks' betas are .95, 1.12, 1.13, and 1.30, respectively. Calculate the portfolio beta. (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Portfolio beta=

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