1. A put option on a stock with a strike price of 50USD was bought for a price of 2USD. What is the profit or loss if the underlying stock is trading at 52USD at maturity?
2. An individual has $15,000 invested in a stock with a beta of 0.5 and another $30,000 invested in a stock with a beta of 1.2. If these are the only two investments in her portfolio, what is her portfolio's beta? Round your answer to two decimal places.