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An individual has $45,000 invested in a stock with a beta of 0.5 and another $60,000 invested in a stock with a beta of 1.6.

An individual has $45,000 invested in a stock with a beta of 0.5 and another $60,000 invested in a stock with a beta of 1.6. If these are the only two investments in her portfolio, what is her portfolio's beta? Round your answer to two decimal places.

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