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A stock has a beta of 0.5. Another stock has a beta of 1.3. You invested $3,100 in the first stock, $2500 in the second
A stock has a beta of 0.5. Another stock has a beta of 1.3. You invested $3,100 in the first stock, $2500 in the second and $1800 in the risk free asset. What is the beta of this three-asset portfolio?
Answer is .6. Please show work.
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