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A portfolio is invested 40% each in Stock L with a beta of 1.48 and Stock K with a beta of 1.05. The remainder of

A portfolio is invested 40% each in Stock L with a beta of 1.48 and Stock K with a beta of 1.05. The remainder of the portfolio is invested in secured debt. What is the portfolio beta? A) 1.101; B) 1.009; C) 1.033; D) 1.012; E) 1.018

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