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An investor has $100,000 invested in a 2-stock portfolio. $30,000 is invested in Stock X and the remainder is invested in Stock Y. X's beta

An investor has $100,000 invested in a 2-stock portfolio. $30,000 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.60. What is the portfolio's beta?

A.) 0.45

B.) 0.42

C.) 0.87

D.) 1.87

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