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A portfolio is comprised of 30 percent of stock X, 55 percent of stock Y, and 15 percent of stock Z. Stock X has a

A portfolio is comprised of 30 percent of stock X, 55 percent of stock Y, and 15 percent of stock Z. Stock X has a beta of .87, stock Y has a beta of 1.48, and stock Z has a beta of 1.04. What is the portfolio beta?

1.111

1.190

1.157

1.231

1.012

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