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An individual has $25,000 invested in a stock with a beta of 0.4 and another $70,000 invested in a stock with a beta of 1.2.

An individual has $25,000 invested in a stock with a beta of 0.4 and another $70,000 invested in a stock with a beta of 1.2. 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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