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A stock portfolio consists of 9.36 percent Stock A, 61.05 percent Stock B, and the remainder is invested in Stock C. The security betas are

A stock portfolio consists of 9.36 percent Stock A, 61.05 percent Stock B, and the remainder is invested in Stock C. The security betas are .40, .97, and 1.80 for Stocks A, B, and C, respectively. What is the portfolio beta?

1.06
1.09
1.15
1.18
1.16

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