What is the beta of portfolio

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You currently have 60% invested in Johnson and Johnson and the remainder invested in Paypal.  Johnson and Johnson, Paypal, and the S&P 500 had the following realized returns:

Date                     Johnson and Johnson Returns           Paypal Returns                            S&P 500 Returns

July 2016                           3%                                  2%                                     4%

August 2016                     -4%                                 0%                                     0%

September 2016               -1%                                  10%                                       0%

October 2016                    -2%                                 2%                                   -2%

What is the beta of this portfolio? Your answer should be rounded to the nearest hundredth and entered as a numeric value. (Rounding Examples: 1.004 would be rounded to 1.00; 1.005 would be rounded to 1.01)

Reference no: EM131327851

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