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A diversified portfolio is composed of the following four stocks: Stock Price Number of Shares Held Beta A $10 3,000 0.60 B 20 2,000 0.50

A diversified portfolio is composed of the following four stocks: Stock Price Number of Shares Held Beta A $10 3,000 0.60 B 20 2,000 0.50 C 45 2,000 1.45 D 30 3,000 1.15 Calculate the beta of this portfolio

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