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A friend says that she expects to earn 13.00% on her portfoliowith a beta of 1.50. You have two-ass

A friend says that she expects to earn 13.00% on her portfoliowith a beta of 1.50. You have two-ass

A friend says that she expects to earn 13.00% on her portfoliowith a beta of 1.50. You have two-asset portfolio including stock Xand a risk-free security. The expected return on stock X is 11.00%and the beta is 1.20. The expected return on the risk-free securityis 3.00%. You construct a portfolio to match your friend’s return.What is the beta of your portfolio? The beta of your portfoliois.xxxx round to two decimal places.