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A portfolio contains $1,000 in General Mills stock where beta = 1.5, $5,000 in Garmin stock where beta is 1.8, and $4,000 in Macys stock
A portfolio contains $1,000 in General Mills stock where beta = 1.5, $5,000 in Garmin stock where beta is 1.8, and $4,000 in Macys stock with a beta of 0.9). What is the beta of this portfolio? (format as 1.23)
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