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2. Problem 8.02 (Portfolio Beta) eBook An individual has $40,000 invested in a stock with a beta of 0.7 and another $50,000 invested in a

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2. Problem 8.02 (Portfolio Beta) eBook An individual has $40,000 invested in a stock with a beta of 0.7 and another $50,000 invested in a stock with a beta of 1.6. If these are the only two Investments in her portfolio, what is her portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places

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