Tom O'Brien has a 2-stock portfolio with a total value of $100,000. $55,000 is invested in Stock

Fantastic news! We've Found the answer you've been seeking!

Question:

Tom O'Brien has a 2-stock portfolio with a total value of $100,000. $55,000 is invested in Stock A with a beta of 0.75 and the remainder is invested in Stock B with a beta of 1.79. What is his portfolio's beta? Do not round your intermediate calculations. Round your final answer to 2 decimal places.