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A portfolio comprises Coke (beta of 1.3) and Wal-Mart (beta of 0.85). The amount invested in Coke is $40,000 and in Wal-Mart is $10,000. What

A portfolio comprises Coke (beta of 1.3) and Wal-Mart (beta of 0.85). The amount invested in Coke is $40,000 and in Wal-Mart is $10,000. What is the beta of the portfolio?

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