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An individual has $10,000 invested in a stock with a beta of 0.5 and another $45,000 invested in a stock with a beta of 2.4.

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An individual has $10,000 invested in a stock with a beta of 0.5 and another $45,000 invested in a stock with a beta of 2.4. If these are the only two investments in her portfolio, what is her portfolio's beta? Do not round intermediate calculations. Round your answer to two decimal places

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