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An individual has $30,000 invested in a stock with a beta of 0.6 and another $40,000 invested in a stock with a beta of 1.5.

An individual has $30,000 invested in a stock with a beta of 0.6 and another $40,000 invested in a stock with a beta of 1.5. If these are the only two investments in his portfolio, what is his portfolio beta?

a.

1.11

b.

0.80

c.

4.03

d.

1.05

e.

0.99

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