1) You own a stock portfolio invested 15 percent in Stock Q, 33 percent in Stock R, 40 percent in Stock S, and 12 percent in Stock T. The betas for these four stocks are 1.4, .5, 1.5, and .8, respectively. What is the portfolio beta? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
2) You own 500 shares of Stock A at a price of $70 per share, 610 shares of Stock B at $85 per share, and 450 shares of Stock C at $35 per share. The betas for the stocks are 1.5, 1.2, and .6, respectively. What is the beta of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)