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An investor has a portfolio composed of only two stocks. He purchased $4,500 of Stock A and $6,000 of Stock B. Currently, Stock A has
An investor has a portfolio composed of only two stocks. He purchased $4,500 of Stock A and $6,000 of Stock B. Currently, Stock A has a beta of 1.7 and Stock B has a beta of 2.7. The current market value of Stock A is $9,500 and of Stock B is $3,800. What is his portfolio beta?
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