1. You have $49,762 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $11,618 and then deposit a check for $7,880. What is your net float?
2. You own a portfolio equally invested in a risk-free asset and two stocks. One of the stocks has a beta of 1.27 and the total portfolio is equally as risky as the market. What must the beta be for the other stock in your portfolio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Beta=