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Alex has $1,000 invested in a three-stock portfolio. $200 are invested in Peter's Manufacturing, $400 in Jane's Manufacturing and the remainder is invested in a

Alex has $1,000 invested in a three-stock portfolio. $200 are invested in Peter's Manufacturing, $400 in Jane's Manufacturing and the remainder is invested in a market ETF. Peters beta is 1.30, and Janes beta is 0.75. What is the portfolios beta?

0.96

0.93

1.035

1

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