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Alan Smith has a 2-stock portfolio with a total value of $100,000. $44,500 is invested in Stock A with a beta of 0.85 and

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Alan Smith has a 2-stock portfolio with a total value of $100,000. $44,500 is invested in Stock A with a beta of 0.85 and the remainder is invested in Stock B with a beta of 1.32. What is his portfolio's beta? Do not round your intermediate calculations. Round your final answer to 2 decimal places.

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