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A portfolio comprises American Airlines with a beta of 1.76 and Kellogg with a beta of 0.59. The amount invested in American Airlines is $37,000,

A portfolio comprises American Airlines with a beta of 1.76 and Kellogg with a beta of 0.59. The amount invested in American Airlines is $37,000, and Kellogg is $21,000. What is the beta of the portfolio?

		1.34
		1.02
		1.17
		2.35

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